Good afternoon guys,
Sorry, first chance to the Internet. Looks like we may have some main holders redistributing shares which may also be causing some weak hand holders to let go as well. I say this as I see it briefly hit 0.007. I'll be watching out for anymore Form 604's as the third main holder may also be following his two friends and taking some early profits.
Averaging down and setting stop losses are a good thing at this time if sellers attempt to push it to 0.007. That is the bottom of my chart, so it can sometimes give false indications to the market and put the skittles under people.
We need some reassurance out of management ASAP to say that all is fine in the land of crypto, IMO. It will steady some nerves.
It is also a good time with the 6 pivot resistance points above 0.008 to send emails or contact the company to motivate an update out of management. I have put in a phone call yesterday.
Proactive trading should be part of your DYOR tool kit to protect your cash reserves.
GLTAH & DYOR.
Cheers.....59
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