Stuff said on hot copper does not influence price. The price is not dropping because people are panicking because of what they read online. IMO, money being sold here are market buying punters who lost a bet, plus some inexperienced panic.
Rather than looking at the fact there is alot of selling happening, the other side of the coin exists where there is someone buying up another’s fear. There isn’t a support level at 0.02 for nothing... experienced buyers just know this is where they are happy to enter as a tested previous support zone, inexperienced sellers sell into it believing in doom. if it breaks, stops are in place to trigger in this event of a potential loss.
Don’t get caught in the wash, if you’re invested on a day trading basis, cut your losses and move on if you got the timing wrong. If you’re not day trading, forget TA and focus on FA. Too many people here have little education and/or experience backing their opinions and unfortunately, people believe them.
DCA downwards if you believe the FA, because when it jumps, you’ll kicking yourself if you didn’t take this opportunities, especially if you always believed in the company.
If you don’t believe this company has a future, what the hell are you here for? To prove you are right and save someone some money? I’d argue you should let people learn the hard way what a bad investment taste like so they don’t make it again.
Dyor, not investment advice.
OAR Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
