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$BASED 0.0792, down 22% in 24 hours, which is even steeper than the single-day drop during the March 12 crash in 2020, but back then it surged 10x in 3 months after the halving. Should we buy the dip now?
Let me drop a bold take: the halving cycle pattern has never failed, only the way each washout plays out differs. Look at history: 2 months before the 2020 halving, BTC dropped from $10k to $3,800. $BASED didn't exist back then, but a similar phenomenon occurred in May 2021 – after the May 19 crash, meme coins collectively took off, with gains starting at 30x. The 2024 halving has already passed. Currently, $BASED is trading in a range of $0.0786–$0.1057 with a volume of 32.5M. Compared to the sluggish trading volume before the bull run started in October 2023 (daily average less than 5M), current capital activity is 6x higher. Also note that after the 2020 halving, altcoins peaked in November 2021, 18 months after the halving. Currently, it's only 7 months since the April 2024 halving, so the time window is still open.
Trading suggestion: Don't go all-in. Set a stop loss at 0.072 (give up if it breaks below the previous low of 0.0715), target 0.15–0.20 (similar patterns after the last halving saw gains of about 80–150%), and keep position size within 10% of total capital. If it breaks below 0.078 tomorrow with increasing volume, immediately cut the position in half. If it holds above 0.085 with decreasing volume, add to the position up to 15%. In the short term, the 24h low of 0.0786 is near strong support, but the daily MACD is showing a death cross. If it rebounds to around 0.09, sell half first.
Remember: There's always a "fake-out" script after each halving. In March 2020, the crash was followed by a V-shaped reversal. Does 2024 look similar? I've used this pattern to predict the last top exit, and this time I'll also monitor whale wallet movements on-chain. Finally, the old saying: History doesn't repeat, but it rhymes.