0.0879 can't hold up, RIF this wave broke through all psychological support levels. In 24 hours, it dropped from 0.1229 to 0.087, with a trading volume of 37.87 million dollars still expanding, indicating it's not retail investors panicking, but major players offloading in coordination with panic selling. On the technical side, the daily MACD death cross has a second green bar accelerating in size, RSI directly dropped to 21 into the oversold zone but shows no bottom divergence structure—pure naked decline, bottom fishing is like catching a flying knife.

Can the previous low of 0.087 hold? I tell you, there hasn't been a decent rebound on the 15-minute chart, each time it attempts to bounce to 0.0895, it gets knocked down, indicating the bears are building a small platform for a relay. The only short-term bullish signal to watch is whether the 0.084-0.086 zone shows volume-based support signals, but given today's pattern, I prefer to wait until around 0.082 to consider light long positions, with a stop loss 20 points below 0.080. Don't ask me why not bottom fish at 0.087—0.087 corresponds to the 0.618 retracement of the previous rally, but this time the selling volume is 1.8 times higher, and the golden ratio has already failed.
If it breaks below 0.082, the next technical target is directly at 0.076, which is the lower boundary of last December's large-scale trading cluster. For those betting on a rebound, wait until a bottom divergence golden cross + volume increase on the 15-minute chart before acting; jumping in now is just giving money to the bears. My own discipline: during such a one-sided plunge, only act on right-side confirmation, not catch falling knives on the left side.
After this wave of decline, a likely consolidation for 3-5 days to build a bottom, with short-term resistance at 0.094. Only if it re-establishes above 0.10 can a reversal be confirmed. In terms of position management, no single loss should exceed 2% of total holdings. Don't hold onto the illusion of "it's already down 23%, it should rebound"—look at RUNE next door, which fell 30% and can still drop another 20%.
If you still hold RIF positions, now it's not about adding more, but setting a trailing stop to protect the remaining principal. The market won't stop falling just because you think it's "cheap enough." My principle: in the face of trend, don't guess the bottom, just follow.