Considered picking up some $KNC here

3668 sats seems like a good price. Has held that support quite a few times. On Binance, however there is a big whale trying to offload 800k of them at that price. Why would a whale like that be selling that huge amount of coins for so low? Perhaps they know something I don't? I think I'm going to follow the smart money here and wait.https://ibb.co/ph9pc2S

Kommentera:

On second thoughts however, if the whale was really worried about some serious FUD or something, why not just clear the whole order book? Maybe they're trying to maximise profit.

How do I know it's a whale? Well that's a huge amount of KNC they're holding. Trying to offload 32btc worth would take a long time.

Handel aktiv:

Picked up a bag at 3643. Set a stop at 3590.

Justification is there has been some good support just below these levels.

The problem with these low liquid markets is there can be so much spillage if your stop gets hit and you can't offload your bag. I'm going to try and scalp a bit of this bag straight away as I really don't want to be stuck if this keeps heading south.