Green Candles LOADING for LEO
Selling causes prices to go down
"sellers exhausted" means there are no more sellers available
Who can sell LEO?
People who hold LEO
Who holds LEO?
People who bought it and people who earned it
The people who earned it, where did that LEO come from
Well, the way things are now, those tokens need to be bought in order to be earned
So essentially the only LEO that can be sold is LEO that has been bought
But if no more selling Is happening, it leaves room for the buyers to take over
This causes prices to pump, the chart shows the story
The price will continue to pump until it hits someone's target
Normally, people like nice round numbers, or numbers by 5
15 is an example but 25 is a more powerful number even though they end in 5
maybe because 25 is known for being a quarter, gives it more hype
But 20 cents and 25 cents will have a lot of sellers
these people will sell the price down, until they have no more. then we can go up to the people who will sell at 30 cents and buy up their bags too
I bet, $1 has the most sellers waiting to sell
But then there are those who are lurking at 90-95 cents waiting to front run the $1 people
I have a feeling though when we hit $1 we will blast right through it at least for a while
I am super interested to see how high LEO goes up
Posted Using INLEO
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A lot of people started powerdown when the price jumped so that gives us four weeks of sellers trying to cash out. Old holders and inactive users.
Once they have all left it will be interesting to see if the price can really jump off with a lot of buyers still looking to pick up more leo tokens.
I wonder how many LEO tokens are in the wallets of people who have no awareness of LEO's existence.
What's this I hear about LEO moving off of HIVE?
I think LEO is already on Arbitrum and going on BASE soon... I PRAYYYY they also bring it over to Pulsechain
It is true that some people are waiting for a certain target to be met and maybe they'll be selling their share of the token. It will be interesting to see what how the future is going to be for it.
Takes discipline to stick to a plan like that will be interesting if people realize we will all make more if we all just hold or even buy more haha
True that! I guess, a lot are at least passively increasing their holding..
it also raises the odds of round tripping and not taking profit near highs. greed or "golden goose" mindset haha I guess that's why the blow off top is called Euphoria
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