BaoToken
Long
Aktualisiert

$BAO: Bao finance pattern, something we've seen before.

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Following Chico crypto's video on the Bao finance / sushi swap bullish integrations, this price action is picking up. We've seen this pattern multiple times before, ALGO comes to mind as one that followed this W shaped pattern. With the right side of the W as a higher high. Once we break above that .0022 level, I would expect the momentum to carry this to previous ATH's. If this happens in a quick enough time frame? There might be quite a bit of alt coin hype and we might see it break above the ATH -> retest -> and then rocket.

These small cap, #Defi projects are a gold rush right now, 9/10 are probably going to not amount to anything, but it's definitely fun to throw a few hundred dollars at something like this and hold 6 figures of a token. If you want to avoid risk like this? Buy BTC, ETH and LINK and forget about it.
Anmerkung
I'm out of this trade... didn't pan out like I'd hoped! Cut your losers. Let the winners run. I lost around 10% on this trade.

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