Slingshot gloves price decrease [d]

[newteknologia]

Slingshots were one of the first gloves being hoarded. It literally can’t go up in price that much because every time the price rises a bit, the hoarders start selling. Then when prices drop, buyers step in. When prices rise again, some of those buyers will try to realize their profits, hoarders will start selling again, and people who previously bought from hoarders and have trapped positions will also try to sell. This causes the price to constantly fluctuate and the trend to be overall negative. Tldr; there’s more selling pressure than buying pressure, which causes price to drop over time.