Hello everyone, take a look at this POWER, it's truly a beginner's lesson for those who are too eager to chase the price!
The price of POWER since 11 Dec has been trudging from $0.22 up to $0.25, thought it was smooth sailing, huh? Little did we know that from 15 Dec, it shot up to nearly $0.38 in just two days! It's quite a jump, truly a "blessing from above" for those who bought in early.
However, look at that OI-Weighted indicator, that's the real talk. After a pump that pushed OI to the highest peak on 13 Dec and then a slight sell-off, by 16 Dec, it was pushed up again in sync with the price surge. But right after that, on 17 Dec, when the price of POWER was sitting near $0.38, the OI-Weighted plummeted without brakes, diving deep into negative territory. Oh my, it's truly a sight that makes you want to "drop your heart", no joke.
What is this? It's "the whale" pushing the price up to offload inventory! You guys, the F0s and Fomos who jump in at the peak then will definitely "bite the bullet". Now OI is slowly lifting itself up from the negative zone, but the price remains high. Be careful, guys, if the OI is diving like that but the price is still holding, we need to watch out. It could very well be a legendary dump and pump! If you have inventory, consider taking profits, don't become an "involuntary holder". If you haven't entered yet, just sit back and observe, don't be impulsive!
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