Buying just a small order of SPS with a side of Fries, while hitting low lows.

in #splinterlands6 months ago

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But when does the pain end. Its been a bleeder. Call the medics. Market cap hovering around 65 Million usd. Total supply just over 600 million coins. Total staked just over 300 million. Stats seem ok i suppose. Although price still in a downtrend. I do have a feeling still, that my yellow trendlines will someday get some action again. Price has surprised many on the way down, cracking under $.10 cents finally.

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DAILY
I look at my usual chart setup on Tradingview to get a nice idea of trading action, both in short term and long term views. The first picture above, is a Daily candle. I will do one more below, just more zoomed out.

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Main, basic indicators i have setup are the RSI, Stoch RSI, and MACD. Both RSI have been sitting low, indicating the oversold possibility. Does not mean its a definite bottom as things can still get worse. Action has seemed to slow, maintaining some sideways, but not bouncing much like some other top coins that are making moves.

WEEKLY
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Still a young asset, and as i have noted previously on earlier posts, not much data to represent on a weekly candle. Although the stoch RSI is starting to have a signal building. Of course that signal is just sitting low, in the bearish control zone, which makes sense because we have consistently just been trading lower, and not reversing the overall trend yet.

So i moved some reward funds around, to buy just a small stash of SPS, to add to my pile. As i build with the rest of you.

I wish you a good day, and to keep rockin with me

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Price has surprised many on the way down, cracking under $.10 cents finally.

I have not even saw it so far, so this now surprised me too. Currently the SPS is $0.106 USD.

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Now I wish that it would down to a few cents. I mean like around $0.03 USD. Even I would buy a lot of SPS with a price like that.

Good luck and have fun.

We are riding the current of price like the Harris Hawk rides the skies.

!LUV

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I think this is an all time low now. I was worried about this when they got real quiet about land release just as we should be coming into the second land release deadline.

Great time to buy though

!LOLZ

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Definitely man, its been beaten down into the ground. Market cap seems to like 69k !LOL

Archaeology
Now there is a career in ruins.

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There's no incentive to pump the price for both DEC and SPS in short term, unless there are some excite news such as the land or the plan after SPS daily airdrop. The whole market is so bearish right now. :(

!PIZZA for your work

Thanks Scream. Had to come back to comments i missed. Lets keep beastin. Yeah, the excitement helped few months back. Things have to sort themselves out now. No rush, i keep staking. !PIZZA

Exactly, IMO the DEC would probably get inflation as the time goes by, and keep dropping like these two days. But I still go for the DEC/SPS lp to maxmize my sps airdrop in long term since I believe SPS could write another story in the coming year.

Have a great day.
!LOLZ
!PIZZA

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Thanks man, you too !LOL

Thanks brother.
!PGM

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Thanks beautiful lady!

!PIZZA

😍

 6 months ago 

!gif fries

Posted Using LeoFinance Beta

I still think there's potential for SPS. Helps that there's airdrop every day to claim. Keep rocking!

Day by day, if we keep accumulating, we should be ok. As long as things stay smooth over next few years

!PIZZA

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