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this pump trade is so fucked. really tough situation.
cutting here and moving on would free up mindspace and limit potential losses. but simultaneously would run risk of selling the pico bottom and be in for another world of pain if you see it going up-only from here.
hard to make a compelling case for either side. its extremely oversold and sentiment is max negative. on the other hand, if BTC and general market corrects here and they distribute the airdrop now it could go lower, because majority of people seeing that chart are not compelled to hold.
and is the question if this is Alons plan after all. get all the short-term flippers out, nuke the chart, distribute airdrop at the bottom and then start firing on all cylinders to pump that thing. or maybe he is indeed a grifter and this is a slow rug. ICO was a week ago and there was zero communication so far.
idk what to do. need to make up my mind.
one thing is for sure, pre-market perps fucked things up big time. distorted the dynamics of the sale, made it hard to differentiate between real demand and arbitrage seekers at ICO.