Effectiveness of OKB 20% off activity ending, can expect more?
https://www.tradingview.com/chart/T4dJcKED/
Yesterday when sharing the opinion in Telegram, many guys ask more about the activity [20% off price to buy OKB] can make any kind of affect to the trend of OKB, so my answer is still unchanged, a short term affect which can bee seen on the chart that price rised to almost $4.8 in just few hours, but the continuous long upper shadow also indicates that most buyers sell their OKB at once after the activity is ending, led the price fell down immediately.
In next 4~6hours, many investors who become the offerees push the price up again but obviously, the strength can't push the price to create a new high, now the the reason why price still keep above $4.68 is because the rest of the investors who still held after bought yesterday and the offerees. They support the price in order to prevent lossing, in fact, the market is giving the signal that a new high is almost impossible to create in short term, and the effective of this activity has been almost disappeared.
My suggestion is that to buy 10%~20% of your account at $4.62, then if price continue to pullback, can buy another 20% around $4.42. This is a method of buying at crucial support positions.
Yesterday when sharing the opinion in Telegram, many guys ask more about the activity [20% off price to buy OKB] can make any kind of affect to the trend of OKB, so my answer is still unchanged, a short term affect which can bee seen on the chart that price rised to almost $4.8 in just few hours, but the continuous long upper shadow also indicates that most buyers sell their OKB at once after the activity is ending, led the price fell down immediately.
In next 4~6hours, many investors who become the offerees push the price up again but obviously, the strength can't push the price to create a new high, now the the reason why price still keep above $4.68 is because the rest of the investors who still held after bought yesterday and the offerees. They support the price in order to prevent lossing, in fact, the market is giving the signal that a new high is almost impossible to create in short term, and the effective of this activity has been almost disappeared.
My suggestion is that to buy 10%~20% of your account at $4.62, then if price continue to pullback, can buy another 20% around $4.42. This is a method of buying at crucial support positions.
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