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$PI Caution: Regarding the current market situation, I believe that fundamentally the bullish momentum is still insufficient. The positions from $0.18 to $0.23 are all resistance levels, and with the current trading volume, it’s impossible to break through. Although I am optimistic about this coin in the long term, it is currently relatively weak and lacks the ability to resist falling. Some may say I am being two-faced, but you are wrong. A mature investor has a sense of the market, and even if they are wrong, they admit it. This situation is like in stocks: when the overall market rises, it has a slight increase; when the market falls, it drops sharply. I have also mentioned multiple times before that on the daily chart, at least one large bullish candle with a 5% increase and high volume is needed to reverse this current weakness. So now, this position is suspicious of being a trap for more buyers, and it will definitely continue to decline, at least to the $0.17 level. Therefore, this is not a good time to buy.
When you truly become optimistic, you won't have the chance to buy in at a low cost anymore.
With a circulation volume of just a few tens of millions in funds, it can break the $0.3 mark.