$ALICE just pumped 15% to 0.1331, but the 13.6M volume is not even a fraction of last year's bull market peak—after the past three halvings, small-cap gaming tokens all retraced 30-50% after breaking previous highs. Currently, it's still 62% away from the previous high of 0.35. Watching the daily chart, this rally's pace is three weeks slower than last time, and the whales are clearly accumulating at low levels for more chips. Position suggestion: go light at 0.12-0.13, stop loss at 0.105, first target 0.18. Don't wait for a pullback—once this level breaks through 0.14 with volume, it'll leave people behind. As an old hand, I only look at the scripts from three halving years: a sudden washout before the peak in 2019, and a three-month consolidation before takeoff in 2021. History doesn't repeat exactly, but it rhymes.