Thanks for being open and admitted that, your honesty is much appreciated.
Look, I am no expert when it comes to charting. But when I look at the chart since inception, I think 5 to 7 cents would be my target (that is the longest accummulation phase started from Jul 2019 to Jul 2020). Logically & psychologically , I believe there are a lot of bagholders purchased during that period and maybe prior. So if it dropped back down to that level, they will start to feel the pain and losing the meaning of holding as you would get better result than putting the money in the bank. It is also almost certain that the hype train is slowly losing steam, this can be seen from the SP action from all the announcement this year and also the forum activities. Other than the usual posters, not too many has joined the train.
To conclude, I am surely aiming for that level. It may or may not hit there. But by looking at the market sentiment and macro outlook, I am pretty confident and cap raise will be needed before December as well.
