The market went into the expected correction, but no one anticipated it would happen so quickly. As a result, the technical analysis of traders worldwide was effectively nullified. Those who thought otherwise simply guessed correctly—it's as simple as that. There's no point in justifying or looking for imaginary reasons for this drop. The expected shakeout of retail traders occurred, and we just need to accept it, forget it, and move forward.
Given our targets for POPCAT, it's still not too late to invest in this asset. Moreover, your entry point could be better than most. A potential strategy is to invest 50% of your desired volume at the current price and place two additional limit orders of 25% each in the range of $1.0887 - $0.9877. The nearest target is $1.7550.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.