Safemoon price analysis in current bear market.

in safemoon •  3 years ago 

Let's begin okay so we're coming down six percent for the day trading volume is down 16 so a little less trading going on and not a huge deal overall the crypto market is down six percent

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so the fact that this token is down also six percent no big deal it's actually doing pretty well considering that this is a more volatile investment so it's a double-edged sword with this investment so in other words when

things are going bad in the market typically this token will do worse than the overall market but remember there's more good days and bad days over the long run and we should be able to outperform the market over the long run

easily otherwise why would you invest in something that's more volatile okay so a couple things to keep in mind uh safe moon version one started trading back in the spring of 2021 it's been about a year since then this new

version has only been trading since december so it's only been about four months or so and ever since a huge uptrend like right at the beginning of the year we've been in kind of a downtrend and looks like we have a

strong support line now let's look at the last couple of days last trading days so we're seeing some really stable prices and this is one of the probably one of the better times to buy a lot of people think the best time to buy is on

the way up i personally think it's better to get it right at the bottom try to get as close to the bottom as possible because your risk is a lot lower right now we're coming down about 87 from the all-time high therefore

what are the odds it's going to drop down another 87 very very unlikely like i said your risk is much much lower potential upside is huge though let's say we even just tie the all-time high we're talking about a potential seven

excerpt from this current price something else to keep in mind whenever you're investing remember it does take patience so where to even buy this for those of you guys are looking to add to your position or start a new one

probably one of the better times from my point of view but these are the most popular is to buy it most of the training violence coming in from bit forex it's also a lot of it's coming

from digifi next tos pancake swab bitmart you definitely have some choices here uh just a quick announcement too i did start a discord we have over 100 members we talk about

crypto nfts stocks different investments i'm making it just one dollar a month for the next 10 people to join we have a great community of over 100 people come join us link is in

the description and before i close this video i think we will hit a new all-time high this year we can at least knock down two of these zeros and get to one cent that's not unrealistic

that's only talking about a potential 11 to 12 exer i think that can happen sometime in summer or third quarter i don't think it's gonna happen this month or next month but who knows maybe

we really do start to take off at
least in april have a nice dot uptrend knock down one of these zeros at the bare minimum but hey we'll see what happens.

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