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Leicester On The Recent Safuu Protocol DUMP - Pre-Sale Buyer Dumps 600 Coins, Nets Almost $1 Million
The graph is following the exact pattern we told you it would.
Stage 1 - Initial #FOMO pump as people buy #Safuu #crypto (and a lot of people bought over 100 coins)
Stage 2 - price skyrockets to unreasonable levels (which creates liquidity risk as people are buying less coins as the price increases)
Stage 3 - pre-sale folks start dumping (this big dump was caused by a pre-sale buyer that sold 600 coins - but by the time the price hit the peak, that's a LOT of money out of the liquidity pool).
We're now at Stage 4 - where people are reacting to the sell and #FOMO selling.
It'll pass....but this is the risk we talked about, and why we recommended not to #YOLO in (because you would have lost a LOT of value in the short term) and not to excessively #HODL (because your value would have dropped in the short term), but to take profits on the way up if you chose to buy in, which would have protected you from the inevitable drop.
Folks...it's easy to predict price movement. But it'll take some time longer to really know what happens from here, now that we have at least one true consolidation point.
Watching over March will tell you a lot. Ultimately - Doowhachyalike. It's your money. Oh, and next time, try actually listening to our coverage objectively instead of assuming what we're saying.
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