/biz/ - Business & Finance

>>19462972
>Brainlet detected

This is an extremely common chart pattern, often seen in stocks when they have an IPO. It is simply an initial distribution. Unless you're looking at an asset like Bitcoin, which started at zero, this is to be expected. Buying now while it's low is high IQ and in fact a strategy that many investors use, specifically targeting accumulation after IPO sell-off. It will absolutely go back to it's initial price. Take a look at Hedera Hashgraph (HBAR), pic related. It had a very similar chart pattern. Buying OXT now is the equivalent of buying HBAR at 2 cents, i.e. a guaranteed 100% gain is incoming.