BEFORE YOU BUY OR SELL $PYTH

MUST READ!! (NOT CLICKBAIT BS)

I just posted about this but feel compelled to add more.

PLEASE NOTE this is research related to token unlocks and their effect on the market.

This is copy and pasted, i cant link the article here, it is not supported.

The article states,

Unlocks free up liquidity and are widely considered bearish, though some observers say they only accentuate the existing market trend.

New research by analytics firm The Tie shows coins, on average, declined in the lead-up to the event. However, when the liquidity freed up represented more than 100% of the average daily volume, prices quickly recovered, only to fall deeper within two weeks following the unlock. The firm conducted a study of over 350,000 unique unlock events involving more than 100 tokens.

"In cases where the unlock represented more than 100% of the average daily volume, prices tended to rebound faster, albeit for a brief period. This could be attributed to traders feeling relieved that the unlock did not flood the market with new tokens immediately," Lawrence Lewitinn, the director of content at The Tie, wrote in Wednesday's newsletter.

"Nonetheless, within two weeks, prices of tokens facing such significant unlocks fell below their initial levels at the time of the unlock," he wrote. "

This may suggest that holders preferred to wait a few days before selling into the market."

The Tie's research also showed an exponential increase in trading volumes in coins that saw large unlocks.

THE END

Simplified this means,

If you are short prices could still drop A LOT in coming weeks, if you are long we could still see a drop before further price increases.

Both enforce what i always say,DONT HIGH LEVERAGE, take profits.

If you want to find the article search,coin desk, token prices drive prices lower within 2 weeks.

I am NOT trying to influence YOUR decisions for my gain!

I said 2 days ago short PYTH and take profits at 15%+, i did this and made profit.

I currently have NO Pyth positions.

DYOR

Peace.

#PYTH #PYTH /USDT #altcoins #Market_Update