Hello everyone!
We all know that the situation with market is not that good as we want it to be. Thus it affects a lot of ICO projects. On the one hand people don't invest in coin so much money as they did last year. On the other bounty hunters sell tokens fast and the price goes very low. That is why some projects prefer list their token on Idex first. They want to see how a coin plays on market.
And what investors should do in such situation? Sell all they have for small money or wait until a token will go up?
I'm asking as a person working in such project. After ICO token price went down (KCY, I'm sure you heard of it). And It is interesting to know investor's opinion about such situation.
What is your idea?
I recommend you wait. But people who are familliar with technical analysis would suggest either of the two. They have certain parameters to meet first before they sell their tokens because there are indications that the token will most likely be a fad.
You should not use technical analysis to trade token, because the technical analysis is just useful when you are trading normal cryptocurrency, not is the ICO token.
The ICO token trading volume, demand, and volatility have not a rule.
Technical analysis is the method to trading follow the market has a rule, but a market has not a standard like ICO token, almost depend on the demand of the small investors is useless to use this skill.