ROBO Hold or Sell? – My Personal Decision
Currently, $ROBO is around $0.03947. The ATH was approximately $0.062, meaning the price is about 40% down. At first glance, this may seem alarming, but the chart is telling a slightly different story.
The price is currently sitting around the FVG and OB zone. This is the range where accumulation often occurs.
On the 4H chart, both SMA 11 and SMA 30 are tilting downwards. Volume has also decreased from the previous 493M to about 42M. This means excitement in the market is low and traders are currently cautious.
Another factor that people are missing is liquidity. According to on-chain data, the liquidity pool is between approximately $400K and $770K. This means it is not very difficult for whales to move the price.
Positive side: There are 11,000+ holders and the contract appears clean. There doesn’t seem to be a honeypot issue, but whale concentration is still an open question.
I am currently holding. Not because I am 100% confident, but because my entry is in the right zone and a stop loss is set.
In crypto, trades are made based on a plan, not hope.
This is not financial advice. Please do your own research.