Tropnik

FLOW. Whales>Retailers.

BINANCE:FLOWUSDT   FLOW / TetherUS
A long-term bearish trend has formed a descending triangle with a target of $0.66. Potentially reaching this target could send the price to the lower of the descending channel... With a time shift it could be, say $0.32. Subjectively, I am skeptical about FLOW. IMO, this is a manipulative asset with a dubious ecosystem, although on-chain stats report record activity on the network. But I am a pragmatist and I see no reason to buy such a small amount of tokens and give away such a large dollar value. It just doesn't make sense. Therefore, I believe that there is manipulation here... Because retailers are driven at high prices, giving them crumbs, and the whales control almost the entire supply of tokens.
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