SEMUX: Discussion

[||bit]

After suddenly broke the 37-week support and fell to nearly 2000 satoshis, SEMUX has recovered and been traded stably around 2900 satoshis to 3000 satoshis last several days. In addition, the release of SEMUX core v.1.4.0. actually reduces general inflation rate of SEMUX, that might have good impacts on the price of SEMUX in the long run. By the way, I would prefer to remind SEMUX community that there is a vote for SEMUX listing on Bitmesh, you can find details there with official brief guide written by SEMUX team: https://bitcointalk.org/index.php?topic=2159012.msg50784648#msg50784648

I don't think technical analysis would fit a coin like semux. 37 weeks support is support easily can be crashed 1-2k $.

It is a very shallow market very little volume. With 10k $ i can turn it into dust or make it pump like crazy. Also, as far as i know, bitmesh decided to list semux but because it has its own blockchain, it takes some time. If you vote for exchange for listing, you can use here: https://qtrade.io/listings

[Sellman]

I don't think technical analysis would fit a coin like semux. 37 weeks support is support easily can be crashed 1-2k $.

It is a very shallow market very little volume. With 10k $ i can turn it into dust or make it pump like crazy. Also, as far as i know, bitmesh decided to list semux but because it has its own blockchain, it takes some time. If you vote for exchange for listing, you can use here: https://qtrade.io/listings

Yes, it is. Small-volumed coins are very easy to manipulate, so technical analysis does not fit with small-volumed coins. Things become clear, for such coins, when we see strong supports, they will fall much deeper. So, what if we apply technical analysis to find pseudo-strong-supports, then set up plans to wait for much deeper prices to hop on. That way of investments with flexible usage of technical analysis will help to reduce significantly risks of losses. The matter is the way we apply technical analytical resutls for small-volumed coins.