Thread by @the_economystic

1/ With that massive $eGLD analysis out of the way, now I feel better about updating y'all on @ZoidPay! 😄🙌
The entire crypto market continues to bleed, and overnight $ZPAY had a minor "capitulation" event that brought price to touch the middle BB. R U buying the dip? I am.💯

2/ It should go without saying that trying to time the market is a high-risk endeavor. Completely aside from charts, I am basing my DCA into $ZPAY based off of the conversation I had with @eduardoneci and the promising future I believe $ZPAY has:

3/ Over the past several hours, sellers have been getting rid of their $ZPAY, but volume levels show us that this action is not being taken by a majority via low volumes on this sell-off. AMM's calculate price output based on supply, demand, and avail. liquidity.

4/ Price touching the middle BB does NOT mean that we will get an immediate bounce. Given that the price has dipped further into an area that developed during the shopping pool sale gives me confidence that I am buying at an area that once had supply low enough to fuel growth.

5/ As always, I don't have a crystal ball - I do not know the future, and "trying to catch a falling knife" like I am doing is something I would never recommend. Depending on how #btc moves will effect #EGLD will effect #ZPAY. I believe we are at market lows.

6/ Plz be careful if you are joining be in BTFD of $ZPAY. It has clearly been volatile in this area, and until we can get some constructive foundation built, I have to assume that the short-term bias continues to be downwards as we push into supply.

7/ Risk management is key, so have a smaller %'age of cash set aside to "BTFD". Every time/if price falls more, add a bit more at every dip to support price and to lower your effective entry price. Buying $ZPAY near the top of the run it had is risky, but imo $ZPAY = undervalued.