Pundi on the Rundi
Updated
NPXS coming out with big news of a burn off of coins of 1000npxs>1 Pundi proving to be big news to ride. Pundi has been making amazing gains and is a long term hold i'm preparing to sell as we approach 1c.. my reasoning being this is the 161.8 fibs extension from the previous high to low. I also believe the 1c psychological barrier will cause a rejection of this price, or it may shoot through, however judging by the resistance/sell-off that i've been watching, it's my opinion that it will reject on it's first attempt, retrace to the 61.8 fibs level, before returning to potentially retest the 1c level.
My strategy is to hold this coin till the 1c level, where i will sell and take a profit, before looking to re-enter on the 61.8 fibs level after seeing Support rally at this price.
I believe in the Pundi project and believe it will be a good long term trading pair as it appears to follow fibs quite nicely.
As i am still learning questions and discussion is always welcome.
My strategy is to hold this coin till the 1c level, where i will sell and take a profit, before looking to re-enter on the 61.8 fibs level after seeing Support rally at this price.
I believe in the Pundi project and believe it will be a good long term trading pair as it appears to follow fibs quite nicely.
As i am still learning questions and discussion is always welcome.
Note
Unfortunately, this one hasn't quite played out as expected. Got a decent push almost to the 127 fibs extension, but ran out of steam, at least for now. Change of Market Structure meant i sold my long term hold of this coin for now. From what i see, it's broken it's uptrend, and is now retesting and appears to be rejecting. Will continue to watch for the next trading opp that shows itself.
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