In my opinion, it bounced off the 200, I bought some at .0004. I had initially hoped it would not break down that much. I don't have a crystal ball, so it's hard to say what is going to happen. My thought is add some if it dips back to the 200, watch the 50 sma for resistance. If the 50 resistance breaks, we could be in for a nice run.
This one is tough cuz it's really hard to say what kind of mindf#ck games that might be being played right now. It's definitely high risk, but could dish out some big rewards. It's gonna come down to who the players are, who is holding and not flipping, and what kind of news management can bring to the table. Finalization of the LOI could bring a run, if whoever is holding it in place lets it breath for that event. That's where I'm looking to bank. My opinion is set realistic sell targets for yourself, spread them out over different ticks (don't be an ask blocker), and get them in early, so you are in line to sell before others try to sell in a frenzy. There are worse things than leaving some on the table, (losing money). Play smart, good luck.
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