Ban coin will continue to fall, breaking below 0.1u is just a matter of time. The ban coin cannot be evaluated based on the K-line of Binance. It is an on-chain coin. Before it was listed on Binance futures, it had already surged tens of thousands of times on-chain.
It can be said that once the ban coin was listed on Binance, it had already reached its end.
The complete K-line chart of ban is almost completely consistent with the wave theory's patterns, with an initial upward wave, followed by a second wave correction, and then a third wave of main upward movement. Finally, after being listed on Binance, it had its last upward wave, with five waves of increase, peaking at 0.42u.
After being listed on Binance, ban started to decline, with all favorable conditions exhausted, awaiting the infinite decline after ban. This is because the cost for on-chain players is extremely low, and they can still make a huge profit even when dumping.
Those who are currently long should stop losses as soon as possible. If ban shows a rebound in its upward trajectory, that will also be a good opportunity to short.
