Sportstalk social has been one of my biggest investments on the hive smart contract side chain with approximately 1.9m+ liquid sports bought over time using dollar cost averaging, but the chart of the price of sports its not looking good as the the price of sports against hive keeps dumping the more the price of hive increases against the dollar. Trading volume has also reduced drastically as its less than a 100$ trade volume within the past 24 hours.
Looking at the order book there are more sellers than buyers which brings a huge sell pressure couple with the design of hive-engine market marking order book which tends to cancel orders after every 30days there by reducing the quantity of open trades and hence tends to remove and support zone or resistance zone for any coin trading on hive engine.
This has made me to stop buying any coins That is only trading on hive engine as there is no stable price support areas, as every 30days hive-engine trading structure usually dips the price walls of various coin trading on its dex.
Although will be blogging more to earn some more coins but my focus we be on buying tokens that has cross chained tokens like leofinance and steem monster which prices are usually stable and can be traded outside hive engine ecosystem, and has a wider audience speculating on it price action.
Images gottten from
https://leodex.io/market/SPORTS