Delayed Flight
Updated
This coin is still fairly new and has very little volume/liquidity, so I would not recommend trading it, this is a "Long Term" idea for me.
For me, it looks like we found "potential bottom" on May 16, 2022. I don't use or believe in the accuracy of indicators, I only look at PA and volume. An average day of volume is less than 5 million for SGB and on 5/16/2022, when I feel we found bottom, there was over 80 million in volume. I will share a couple of different charts, even though they aren't the most attractive, as there is not much data on this coin. I will be accumulating as much as I can for the next year at least, I LOVE it under .03!
As stated before, this is a LONG TERM idea for me and not financial advice. Anything can happen in this market. Good luck to all.
For me, it looks like we found "potential bottom" on May 16, 2022. I don't use or believe in the accuracy of indicators, I only look at PA and volume. An average day of volume is less than 5 million for SGB and on 5/16/2022, when I feel we found bottom, there was over 80 million in volume. I will share a couple of different charts, even though they aren't the most attractive, as there is not much data on this coin. I will be accumulating as much as I can for the next year at least, I LOVE it under .03!
As stated before, this is a LONG TERM idea for me and not financial advice. Anything can happen in this market. Good luck to all.
Note
Ok, I never meant for this idea to post, I was just trying to get familiar with the platform and now it is here. I'm not sure how to add more charts, or the charts that I actually would have put, had I known this would be permanent. Anyway, Songbird was trading at .025324 when I posted this. I personally love this price for accumulation. I think it will easily 10X, if not 20X in the next couple of years. I am eager to see how it holds up when BTC gets back below 20K, as we know the king still controls the bots and the market.
When BTC went to 17K, SGB went down to .016418. Within 24 hours the price was almost double at .030961 and even wicked up to .042505. Up until July, the price stayed pretty consistent above .03, that's why I love anything below that for accumulation, as this is a long term idea for me.
I always use this site from my mobile phone, so I'm not familiar with the features and how everything works, but maybe I can learn how to add some charts at some point, so this isn't so basic.
Disclaimer
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.