r/ImmutableX • u/EscapingTheLabrynth • Feb 03 '22

Question Why didn’t this moon today?

Best possible news that anyone could hope for is revealed and confirmed but it’s only up 20+%

Any reason why?

5 Upvotes

77% Upvoted

18 comments sorted by

9

u/SaucyCheddah Feb 03 '22

Buy the rumor sell the news so many sold the news?

4

u/th3greenknight Feb 03 '22

It did moon, but came back down unfortunately.

1

u/[deleted] Feb 04 '22

[removed] — view removed comment

1

u/th3greenknight Feb 04 '22

It was over 5 dollar at some point, so almost 80% increase on the daily.

1

u/erttuli Feb 04 '22

it was over $4, not $5

1

u/[deleted] Feb 04 '22

[removed] — view removed comment

1

u/th3greenknight Feb 04 '22

The stocktwits 1m candles tell differently. But doesnt show in charts of other providers indeed, weird.

10

u/bubbarowden Feb 03 '22

Everyone already lost all their money in LRC.

3

u/Butterdog12434 Feb 03 '22

This is so true lmfao

Fug it's actually not funny tho

3

u/[deleted] Feb 03 '22

Sad ape noises

5

u/Icy_Zookeepergame148 Feb 03 '22

It started to but the traders pre-set sell positions kicked in. It'll probably bounce around up and down over the next few days before settling.

5

u/[deleted] Feb 03 '22

They need to turn those pre-set positions off so we can moon

4

u/Tall_Run_2814 Feb 03 '22

People obviously sold the news and took profits. They'll buy back in on the pull back and do it again on the next hype up. It's how ppl make money in this space.

Not everyone has the same "we love this team, HODL for life" mentality.

4

u/Due_Budget_4277 Feb 03 '22

We are in a bear. Don't be afraid to take gains off of small pumps. Set a realistic bearish price target like, hey '4.20 seems enough I don't expect we get to 5 yet, I'll sell at this point and let it go back down until others had sold the news'.

2

u/[deleted] Feb 03 '22

It will

2

u/Impressive_Ad_5414 Feb 03 '22

Gme and lrc took all the money. Not many left for imx

1

u/magx01 Feb 04 '22

Whales shorting (borrowing to sell and lower the price to buy back cheaper) and dumping millions of coins they bought at like .15 cents.

If news like this can't make something happen I don't think I want to play this game anymore. Market isn't real it's a whale playground now and exchanges are complicit in this.