Now is not the time to buy HOLO
At this time, we don't recommend HOLO as an asset for your new long orders. And there are many reasons for that, here are some of them.
If you're a risk-taker on Altcoins, you're too late. This coin made 480% last month, and in the three and a half months since the beginning of the year, it has made a whopping 1500% profit. That's fine if you caught that profit, but if you weren't among those lucky ones, there's no need to place your long orders now. We at Penygene certainly wouldn't mind increasing our capital by that much, but even more, we would like not to lose it as foolishly as we might on an Altcoin buying of this kind.
All small-cap Altcoin trades are risky, especially when you're thinking about placing your long position on high. We call them risky because of the Risk/Reward ratio, in the worst case it should be at least 1/2, and in the case of volatile Altcoins, the ratio should be much higher. The current price of the asset and its recent tremendous growth, of course, will not give us such a ratio of potential profit to potential loss, so such a trade is obviously risky.
For HOLO further growth with the same intensity is not possible yet due to many factors. (very overheated coin, small capitalization, and no good correction after recent ATH). Also, based on our monitoring of Altcoin, we can very likely say that the price of this coin can continue to rise further. This overheated growth can be as much as 60-80%, but would you want to risk your money knowing that you must risk losing $2000 or even more just to have a chance of making $1000. Obviously not.
Over the past three days, the price accumulated enough liquidity on the 0.003-0.0035 range, and jumped up from it by 200%. If you look at HOLO from the side of technical analysis, you will realize that a further increase of the price of the asset can not be called other than an overbought, the further growth of the price in these conditions is almost impossible to predict, it's a lottery. If you have existing long HOLO positions, it's time to close them, that's probably the only advice we have.
If you're a risk-taker on Altcoins, you're too late. This coin made 480% last month, and in the three and a half months since the beginning of the year, it has made a whopping 1500% profit. That's fine if you caught that profit, but if you weren't among those lucky ones, there's no need to place your long orders now. We at Penygene certainly wouldn't mind increasing our capital by that much, but even more, we would like not to lose it as foolishly as we might on an Altcoin buying of this kind.
All small-cap Altcoin trades are risky, especially when you're thinking about placing your long position on high. We call them risky because of the Risk/Reward ratio, in the worst case it should be at least 1/2, and in the case of volatile Altcoins, the ratio should be much higher. The current price of the asset and its recent tremendous growth, of course, will not give us such a ratio of potential profit to potential loss, so such a trade is obviously risky.
For HOLO further growth with the same intensity is not possible yet due to many factors. (very overheated coin, small capitalization, and no good correction after recent ATH). Also, based on our monitoring of Altcoin, we can very likely say that the price of this coin can continue to rise further. This overheated growth can be as much as 60-80%, but would you want to risk your money knowing that you must risk losing $2000 or even more just to have a chance of making $1000. Obviously not.
Over the past three days, the price accumulated enough liquidity on the 0.003-0.0035 range, and jumped up from it by 200%. If you look at HOLO from the side of technical analysis, you will realize that a further increase of the price of the asset can not be called other than an overbought, the further growth of the price in these conditions is almost impossible to predict, it's a lottery. If you have existing long HOLO positions, it's time to close them, that's probably the only advice we have.
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