$RE Three huge bearish candles shattered 0.65, 24h drop of 20%. Historical pattern believers tell you: this isn't a crash, it's free money.



Look at the data: After the first three halvings, $RE had a panic drop of over 30% before hitting the bottom. On March 12, 2020, it dropped 40% then started the main uptrend; in July 2016, it dropped 25% and doubled in 3 weeks. The current price of 0.6711 compared to the pre-halving high of 0.8671 is a 23% drop—almost identical to 2016. The trading volume of 299 million shows panic selling is happening, but the number of on-chain whale addresses has increased by 18% in the past 48 hours.

Operation suggestions: Accumulate in batches between 0.65-0.6, set stop-loss below 0.55. First take-profit at 0.85, second at 1.2. Keep position size at 30%, leave ammunition for a second bottom confirmation. Don't go all-in; this wave might repeatedly grind the bottom like in 2019 before exploding.

History doesn't repeat itself exactly, but it rhymes. This time, it's your choice to be the fuel for panic or the picker-up.
RE-22.50%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments