Looping Collective (LOOP)

$LOOP is a super small coin. That alone makes any prediction super unreliable.

- I cannot see five waves up, so I don't think there is an intact uptrend to find.

- #loopNetwork has the same problems, many #Altcoins have. It is stuck below the 88,7.

- If an asset falls this low, a lot of money is needed to raise price again, making new highs unlikely and a lower high likely.

- It is a small coin, so someone investing $2m would already double the mcap so, of course anything is possible.

lower timeframe below⬇️

This is the only way, it would make sense that $LOOP is in an uptrend.

Invalidation below $0,0048.

To me, the downmove looks more impulsive than corrective, so my guess is on lower prices. But there is virtually no volume, so not really a way to confirm.

This coin is extremely small. Any prediction is highly speculative. Not something I would want to invest in.

But what do you think?🤔 Worth a shot?