This group proved to be a useful idiot tool for the transfer of wealth. I can't see it bouncing but I can see it falling to oblivion, like Gandolf on the mountain. What goes up must come down. I pity the trapped. Reverse, short, and double down. But I'm not giving financial advice.
This was one of the greatest wealth transfer scams in trading history. Pump and dump. Dead money trap.
Trends intersecting on the day chart, consolidation looking for direction, sink or swim.
Despite being nearly 800 in the red while shorting ANKR with no stop loss, I am confident the manipulators are gonna push it back as soon as everyone else gets enticed or forgets, ANKR is a dud.
Look at my previous ideas on ANKR, a ton of times I said it will do what it's doing now.
Some traders may worry that the price will go back up, the rest of us are so burned, do what you want but NAKED SHORT is the way to go. It's gonna fall right back to 0.05, 4, 3, 2, 1, and liftoff straight into the dustbin of crypto history. Just you wait.
ANKR rallied, so what. That was to entice more hodlers to give up. And give up they should, because it's going right back toward ZERO.
This ALT COIN needs no stop loss if you are shorting. Just ride it down to 0.01 you know it's going there. ANKRS DROP it's what they do. Not financial advice. BUT SHORT IT OR GET OUT. You will lose everything you invest in this dud.
ANKR methodically drops & it looks like 0.04 is the next support.
Like a bouncing ball, btc (and the related "coins") has found equilibrium at the 61 % mark. Why not stabilize?
I set a naked short 12 hours ago, watched the BS rally turn my bet into the red about 200 bucks, and just waited. Now I could sell with about 60 bucks in the green. But I leave it just to prove a point. In a few days I bet I have 1000 bucks just by leaving the Short in place. ANKR is just one of those losers dressed up like a winner.
ANKR walked down step by step (shorting and consolidating and shorting and consolidating and shorting) from 11 cents to the apparent bottom, all within a "short" 15 days. So if the uptrend mirrors the downtrend this would put ANKR back up at 11 cents by July 10. Hopefully ANKR has now taken on the character of its original form, a rising star that allows for...
Heck of an obituary, except. If you saw a nickel laying on a sidewalk, would you pick it up? I know you wouldn't pick up a penny unless you sought good luck. But at a nickel I'd go long.
It appears the market thrives on disbelief. When you are certain you know you are right - you are early. And when you are certain you know you are wrong, you stare at the falling tree hitting your house. You are late. Trapped. Hoping not to have to bite the big one. But you know you will. Snap out of it and reverse the trade. There is no bottom in the mind...
ANKR is now well - about midway - into the consolidation band before the uptrend began leading to the big ATH run. No doubt the price will test this last level of major support bottoming at 0.0855 prior to what I might call the very last broad line of major optimism for ANKR, at 0.02659. Also expect the last dip to get stretched and milked as the gains chasers...
ANKR has returned -- almost full circle -- to the resistance line (now support line) of froth. Very frothy / choppy days ahead, until the price drops through and then plunges to 4 cents. Everyone will think it's got to go up. But it can sink back to two cents. At the moment ANKR is radioactive. Why should the price go up?
ANKR zoomed up 3600 percent and has dropped so far back down that in net terms it has only zoomed up -- how much? Yeah, it's a 64% drop. But it's STILL a 1300% pop. A 1300 percent pop, as it stands, right now. When it drops so that ANKR has only achieved a 500% gain, it's still not a loss. But that ALL TIME HIGH of .20 per coin reached within weeks had us all...
ANKR looks like a bounced ball. No hype left, no new Buyers conceivable. The urge grows for the two-centers to cash out and move on. And those in at .20 ... well, people still own GE stock I guess. The good news is there is still some room for shorting ANKR.