Hex started to pump like crazy today, at what point would you stop buying it and just riding it out? I nominate $0.26, which is ~50% down from current ATH. Love to hear your thoughts ☺️
I suggest you only buy in accumulation zones. While it is tempting to buying the dips even when an asset creates new ATH, in practice it is best to do that in a semitrading manner, taking the initial investment back after (if) it gets out of the dip. It is easy to for some stupid shark to dump the price down, just like d01 shark destroyed the bull flag in September last year and we found HEX in a bear market two months before BTC. Today it turns out that was actually good for the long run as it gives HEX an opportunity to frontrun BTC cycles, but at that time it was horrible for all those people that were buying above 30 cents.
Hi, I sent you a message
What is the accumulation zone? Is that percentage band below ATH (e.g. 80% to 90% down)?
It is an area in the price range where buyers keep the sellers in checkmate for a prolonged period. Essentially buyer limit exit liquidity for the sellers forcing them to give up on the asset for cheap until they bleed out. It is the very opposite of the distribution zone. https://www.investopedia.com/terms/a/accumulation-area.asp
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