$RE Dropped 20% in 24 hours, market cap evaporated $230 million, but this coin is actually a dead end — whoever buys is helping the whales dump.

I entered 1000 RE at $0.5823, not to bottom-fish, but to prove how stupid you bag holders are. Look at the data: 24h high $0.7434, low $0.5702, volume $236 million — but note, at least 80% of that volume is fabricated by whales trading with themselves; real buying orders are pitifully few. On-chain data is even more brutal: the top 10 addresses control 62% of the circulating supply. This is not a retail coin, it's a whale cash machine. You guys rushing in now are just taking over the supply they cashed out at $0.74, then getting trapped in the death zone of $0.58 to $0.60.
Trading advice? Don't get me wrong — I'm not here to shout "short". I have just one stop loss: set at $0.53. If it drops there, I admit defeat. I don't touch longs or shorts, just eat short-term volatility. If you want to gamble on a rebound, buy at $0.56, take profit at $0.61, position size no more than 2%, because this kind of grinding-lower coin could drop another 20% at any time. Don't say I didn't warn you — RE has fallen 94% since 2022, the project's Twitter hasn't been updated in 3 months, and the last DApp in the ecosystem has already run away. What you're buying now is faith, not investment.
Let's fight in the comments. I bet within three minutes some "technical analyst" will say it's bottoming out. Come on, hit me with data, don't just throw insults. If you think I'm wrong, post your own positions — I'm waiting to be proven wrong.