$RE Within 24 hours, it dropped from 0.8734 to 0.71, a 16.69% decline that directly shrank your assets by one-tenth—now at 0.7235, is it a bottom-fishing or taking the hit? The 318.9M trading volume indicates that the previous wave just cut through some meat; without blood-stained chips at this level, it’s impossible to pry open.

Both bullish and bearish reasons exist; you need to choose your side: The bulls say: 1. 0.71 is the bottom of last month's strong support level, with technical rebound momentum, short-term short-term profit-taking will be replenished; 2. The daily RSI has entered oversold territory, and historical data shows that such divergence usually leads to a 10-15% rebound; 3. External liquidity is tightening, large orders from whales haven't been withdrawn, indicating someone is protecting key price levels.
The bears warn: 1. The 24-hour low of 0.71 is highly likely to be broken through, and the last time support was broken, it directly led to a 40% liquidation; 2. In the same sector, LAYA and BEST are also breaking down, and RE has no independent market foundation; 3. Large sell orders are mainly concentrated in the 0.72-0.75 range, indicating the main players are still offloading, so don’t rush to buy the dip.
In terms of operation, if you are a left-side player, place a stop-loss order at 0.70-0.71 to enter, controlling your position to within 5% of your total assets, aiming for 0.75-0.78; if it breaks below 0.70, immediately cut losses, don’t add positions, there’s at least a 20% drop ahead.
Right-side players wait for 0.78 to stabilize before entering, or wait for market sentiment to warm up before riding the wave. I’ve discussed this logic in the Mustard Circle before; for detailed strategies, you can check my homepage.
If it can rise, deduct 1; if it crashes, deduct 2.