I've called Flare a Phoenix rising against the selling pressure against the guys dumping from the distribution airdrops.
If we look at the recent movement, this is a parabolic price rise. Where I grow concerned is where the support levels of this acceleration need to be correctly built under the value expressed in the current FLARE pricing. If not, we could see a sudden and violent drop in pricing when a whale decides to take profits.
While I'm happy to see the skyrocket take flight, I caution that we could see a strong pullback before breaking back into prior airdrop pricing.
Hold on.
If we look at the recent movement, this is a parabolic price rise. Where I grow concerned is where the support levels of this acceleration need to be correctly built under the value expressed in the current FLARE pricing. If not, we could see a sudden and violent drop in pricing when a whale decides to take profits.
While I'm happy to see the skyrocket take flight, I caution that we could see a strong pullback before breaking back into prior airdrop pricing.
Hold on.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.