MTLUSD Long Term Hold

Technicals
no new lower lows like the majority of coins
near to its all-time-low, but makes higher lows
great risk reward, SL at 2.90 on a close

Fundamentals
concentrating on India and mobile payments, huge grows potential there
- hiring people in the metropole Dehli
- great mobil infrastructur in India
(imo great tool to get exposure to India)
still good interest, shown through volume
search engine stats look very good, steady increase

Risk
- government (that they are hiring people from India makes a bit less risky imo)
- btc dropping like a stone (but Metal is in an uptrend against BTC)

Ordine annullato:

too fast decision

lost like 3,5% to get in and out

I see more signifcant risks, also because its built on ETH. I've not done enough due dilligence to go long yet. I will keep an eye on it...

Good Luck Fellas

Ordine annullato:

just to clarify, I bought and sold within 30min. Was not a trade, but rather a mistake. My due dilligence were also rather shallow.

The negative comments I received are surely justified.

Well, next time I'll try to deliver some more quality.

Anyways good luck.