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Let's talk about why $STBL is about to buy back but is falling even more? Should we hold on?
Today, it was announced that the buyback plan for $STBL will officially start on October 31, with a buyback of 1 million USD per month for a period of three months. Despite the positive news, it has fallen instead of rising.
Looking back, on September 24, it was when they first proposed the MFS and buyback plan, which were favorable factors. The coin price rose to a new high for two consecutive days, and a large portion of short-term speculators quickly took profits.
In other situations, for example, retail investors who chase high prices may panic sell after prices stagnate or pull back, and the fluctuations in the market can also clear out quite a few retail investors.
It is normal for a market digestion process to occur in the days or even weeks following a new high, so there is no need to pay too much attention to it; the time for a breakthrough has not yet arrived. As long as it is within the range of capital mobilization ability, traders need to be patient.