Bullish Pressure

28 apr

I predict MATH will hit .50$ within ~2 days The overall activity has definitely seen a shift since hitting a low of $.384 on April 26th. This is invalidated if the coin does not reach $.45 by EOD or goes below the trend line

I've been non-stop monitoring this coin for over 2 weeks and there are a few things I think are unique about it.

1. I strongly feel there's big money that influences the price more than you think.

I always find it interesting when there are big sell orders (80k in total), but the price slowly creeps back up on ~5k volume (bullish) or the opposite where there's is a big buy order(80k or more as an example), but the price slowly creeps back down (bearish). I find the trend of the coin overall is largely based on many small orders(algorithms) and limit order liquidity. It's easy to fall into the trap of putting too much important on big orders. These still have strength, but only on the 1 minute time frame.

2. This coin is not listed on Binance.

I think this is important to note. This increases the chances that big money(~1m$+) can influence the coin easier. On the plus side, binance listing, if ever, would be an instant 50% gain.

3. Insane volatility.

There's not enough liquidity. If this coin goes up, it's almost always a good idea to make small sell orders. Anytime there's a pump of 10%, it will retrace half of that.

Disclaimer: My portfolio currently consists of 100% MATH and overall I am down -5% on this coin.