LEO Token: Buying the DIP

The LEO token has been dipping ever since it got to an all-time high of $0.32 on the 11th of June 2020 as seen on the chart above. This kind of proves a trading rule which states that whenever a coin gets to an overall all-time high, there's certainty for it to come down for a correction. And this has been a case for LEO!

I believe whoever made that assertion built on the fact that people will naturally sell more when a token price is high thereby causing a dip in the price of the said asset. But that's the actual principle of cryptocurrency trading; buy low and sell high.

LEO has been dipping though it's trying to get back up. I believe it will pump very soon so, I decided to maximize the dip by buying some leo tokens for my staking eventually. The highest bid is about $0.15699 as at when I visited hive-engine but I placed an order a little lower than that should incase it dips more. But if it doesn't dip any longer, I'll know what to do.

I see this time of dip as a good opportunity to buy and hodl as many leo as one can. Leo token, I believe will be one of the most successful on Hive-engine as it has many developments surrounding it.

Some days back, I asked on incorporating hivesigner to the leodex. Thanks to @khaleelkazi for his response and I want to believe the developers are working on it.

Posted Using LeoFinance