Somebody is FIS ing

Somebody is FISING around with counter trend accumulation for FIS. While the price action is mostly bearish since March 2021, the volume patterns suggests someone is accumulating ship load of FIS since early August. This suggests a clear divergence between price action vs Volume. If used correctly this can be a very powerful indication to identify potentially explosive moves that can make easy 100-200-1000 or even higher percentage profits

What is FIS toekn all about ?

StaFi is a DeFi protocol that unlocks liquidity of staked assets. Users can stake PoS tokens (E.g. DOT, FIS etc) through StaFi Staking Contracts and receive rTokens (E.g. rDOT, rFIS etc.) in return, which are available for trading to hedge against market volatility, while still earning staking rewards

FIS is StaFi Protocol’s native utility token and is used for Staking, Transaction Fees, On-chain Governance, Value Capture etc. Nothing fancy to be honest. But hey who cares about just fanciness in crypto. So fundamentally speaking its just another token doing pretty much the same thing that many other tokens are doing there. They have raised $990,000 in past. 

Current Market Cap only 19 Million Dollars with Circulating Supply of 11.2 Million Tokens with Max Supply of 102 Million tokens. Now this is surely a fancy stuff. Pretty small market cap, low floater and languishing near recent lows. Small Marketcap token with Listings with Exchanges like Binance & Huobi is certainly fancy if someone is actually accumulating and dealing with the management. 

The recent Pump and Dump suggests some one is surely active and we are likely to get another upside move soon

How to play such Shitcoins?

Purely based on technical levels, its risky to say how to play such Shitcoins considering they do no always follow classic Support – Resistance Levels. But if we do apply such levels on FIS, we are looking for a breakout above 2.15 Area for a more meaningful move. One can consider small exposure on such Low Marketcap coins & wait to play 1000% move in Long term. No guarantee though but worth a small punt!

How to find such plays?

Divergence is the name of the game. What is a divergence? 

Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Positive divergence indicates a move higher in the price of the asset is possible. Negative divergence signals that a move lower in the asset is possible

Does divergence always work ? Not really, and therefore you need to learn when to use divergence and when to ignore it. Infact you can say it doesnt work 8 out of 10 times & therefore it is important to know what are these indicators and how to use them. If you are new to trading, all these terminology can be too much to handle for you. It can be sometimes too much for even seasoned traders.

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