Finally, it seems our Korean friends have poked their heads back into our humble "portal." As we've become accustomed to, our friends have reappeared without warning, but at 1:00 AM Central European Time, pumping our precious HIVE token 21% in one hour, soaring above the confines of $0.29 per token.
What can I say? I love these pumps that break the monotony of our beloved token's decline...
It's not like we can confirm anything yet, but at least for me, they boost my self-esteem somehow.
Also, if you're an Internal Market user, it's not a bad idea to place buy and sell orders scattered within a "reasonable" price range; you can get a lot of mileage out of these reactive movements without any effort.
Depending on your strategy, just one of these high-price-action candles can make your week in terms of accumulation goals.
In my case, I'm still working toward the goal of achieving around 60K in HBD savings. Taking into account tonight's pump, I was able to add almost 90 more HBD to my basket... and that's without losing a single HIVE, since what I do is sell at the top, buy the same amount of HIVE further down, rinse and repeat, and keep the difference in HBD.
Seriously, anyone who doesn't see the opportunity has no eyes...
Enjoy!
It's weird to see it happen, but I am not surprised. Lets see if they will continue to pump or not.
My small sell order didn't get hit. I had bigger sell orders above that. Didn't want to update them to lower levels below 30c, even if that could mean smaller profits more often.
I'm adapting my window frame of trading with the price, always
Probably it's the better thing to do.
Nice to see Hive price pump a bit. I hope it continues.
You achieving 60k in HBD savings is no longer far fetch. I hope to start setting target for myself too later in the year.
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When such a pump is there and then it goes back down, it destroys people's trust, which is why we are now seeing the price rise to 25 cents again.
I don't get why that pumps happen, why would Koreans buy a lot of hive, there's not even a Korean community here
Pure speculative trading fashion
#hive #posh