jariii

SNGLS huge bounce to be expected after a ridiculous drop (400%+)

Long
SNGLS has seen an absolutely ridiculous drop in price in the past 6 months, dropping from 223 sats all the way to 13 sats (-94.2%). It currently has a tiny marketcap of around $2.4m. It is currently in a descending channel, approaching rockbottom. Once it bounces, it is going to be ridiculous in terms of percentages. A bounce to at least the previous support level of 75 sats is to be expected, which is 400% profit from the current price of 15 sats. It may go as low at 10 sats first though, so be wary of that and understand that you'll need hands of steel for this one if you plan to buy it at the current price like i did. Basically anywhere between 10 - 15 sats is the buying range.

ATTENTION: VERY IMPORTANT

There is no USDT or ETH pair available on Binance, so there is a massive spread when buying SNGLS as it's a low sat coin. This means that once you decide to enter, there is no immediate going back / changing your mind without taking a 7 - 8% loss. So be aware of this before you decide to enter. This is certainly not a trade for inexperienced / impatient traders, and it is extremely high risk high reward.
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