$sdex bought at 0.0024 - What to expect T.AAnother one in price discovery, #SDEX is the native token of a new DEX that developed a way to farm crypto without impermanent losses. I got the target of 0.0076(ish) since the Fib Fan lacks to measure well above the zero line (dotted) than I tossed a fork and it helps targeting; It needs volume here. Fundamentally, it's a good aquisition if the pink line holds as support; That makes an easy trade because under the pink line, lies a stop loss for who wants to enter at this point. Easy double investiment. The last price action upwards lacking volume, means a few wallets purchased at what they judged to be a bottom, until the next point of resistance, and the price held there for a good while, meaning there is no interest on the buyers who gave volume candles their sizes in April-23 on taking profits there just yet. Observe the strenght of the next pump, I will keep doubling/tripling profits if the trend keeps going. RSI indicates that sideway action may take place for a while between 0.004 and 0.0056
Impermanentloss
DEFI: CRO-ETH LP pair with imparmanent loss 36% and 0%This demonstrate the imparmanent loss in a LP pair where the other has higher variance in comparison to the other crypto coin.
The imparmanent loss can become zero if you are patient in holding the pair and the coins revert back to each other.
Ps. I use the following calculator in demonstrating this (dailydefi.org).
