Screenshot from wallet
It is always dangerous attempting to catch a falling knife, allow it to settle. I talked about this some days earlier about the observation I saw about both LEO tokens and Hive. It is one of those price bounce backs that gives holders hope and I can say this is no ‘dead cat bounce’. This statement is more assured for long termers.
Nobody always wants to see the market go Red or maybe I should say, no one holding more of such tokens wants to. If you are to ask how many would love to see Bitcoin trade at an affordable dollar price currently, the hands up will be massive. The idea behind it; an opportunity to buy more!!
So yes, those who understand the tactics of winning in both market directions won't be in a panic. Seeing Leo rise in price up to $0.26 dollars was very encouraging. As I said, I knew there would surely follow a correction and it fainted to $0.15 cents at first, seeming it was just the right correction position. So it seemed until it dipped again to $0.10 cents.
The moment it broke that $0.15 cent stamina I knew we were heading right down to $0.10 cent. It has been one general markets behavior I keep seeing; prices fight back at 10s and 5s. Even at a fraction or whole number position.
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Ok, I was holding some Leo when it dropped down to $0.10 and I knew this was just a perfect spot to buy. Don't blame me, my idea is how I could accumulate more Leo tokens before the year runs out. $0.26 dollars was just a tip of the iceberg, Leo will move past such price sooner or later. Speaking of moving pass cent position, I just saw a bounce back from a little below $0.10 cents day before yesterday to a little above $0.12 cents yesterday. We are talking of a 20% market bounce back within 24 hrs.
This is good news; let me TRY and make it clearer, there may not be much improvement for some people who saw or probably bought it around $0.20 to $0.26 cents but you have to just observe that Leo just found stamina. Correcting at $0.10 is a big deal. I don't know if you are getting it; without this correction and a proof by uptrend reaction many would have still been having the downtrend mentality. Probably you should know how the ‘herds mentality’ works.
The current herd mentality about Leo right NOW is hold and not sell. If it can maintain this long enough, $0.10 will become a well known stamina position. Maybe I should cite an example with Hive token.
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I talked about how it has always found a market stamina around $0.20 cents, anything less than this is heading to its final $0.15 cents. Maybe you should try and look through its one year and YTD (year till date) price chart. For long term holders, Hive at $0.20 cents is a good buy, if it should dip anything lower than this maybe to $0.16, it is the best buy.
This is the kind of mentality I hope can be achieved for Leo tokens within this $0.10 cents and not break further to anything from $0.09 cents anymore. If the latter happens, we are likely to see a weak market reaction which can push its market price down to $0.05 cents. It will be another hole to climb out and we can't doubt it will take some time in this position.
To conclude, the best suggestion is to buy more if you have that spare dollar. Leo strong at $.10 cents or weakening to $0.05, just do yourself this favor of accumulating for the long term. I think it is the best summary I can give. I do wish the best for Leo as a supporter and investor, nothing bad in price going up. Nevertheless, I will choose to position myself steadily in both directions; one promotes more daily rewards while the other is an increased dollar price. More of a win-win. Let's just hope this stamina counts.
Posted Using INLEO