I went and bought a lot more Strat today but just saw that buy support has dropped to half of what it was few days ago and there is twice as much up for sale. I wonder what is pushing STRAT down when other less decent coins are getting pumped left, right and center. Any reason for the sudden EXODUS and sell off? Is it just the early Whales cashing in and moving on? I bought for long term holding but wondering how low it is going to get now before it starts an uptrend again and should I wait for it to get lower before I buy again? I am a bit shocked it dropped so much, especially as I know it's a good coin, but it's lacking in the support at the moment that other coins are getting.
Probably just whales in accumulation mode. Seems like the support just isnt there and thats gonna shake out some weak hands.
Yes probably all the cheer leading was those trying to dump, just saw one massive dump now on POLO..It's very easy to panic sell when they are in dumping mode but I am not going to please the whales and dump at a loss. I will bag hold and if I get spare cash in the next few days I will try get some more..It's just a shame I didn't wait to buy now that it's much lower. I bought at over 37k and now it's going to 33k and down.