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OPPORTUNITY OR TRAP? #REZ $REZ
In my view, this is not a risk worth taking. The token appreciated by 40% recently, but it is now giving back some of that gain. There is a strong possibility of retreating to 0.01388, which would represent an additional drop of 16.77% from the current price.
For those who believe that the token can reach 0.02084 again and are looking for a potential gain of 22.09%, my suggestion is to be patient and wait to buy closer to the historical support. This way, the risk will be lower and the possibility of a 40% return instead of 20% could become more realistic. Does that make sense to you?
I myself followed this strategy: when the token reached a 40% profit, I sold everything and then placed a new buy order at 0.01388.
I am not recommending buying or selling, just highlighting the importance of understanding the right moments to enter and exit the market. Following advice from the wrong people can be costly. Always do your own analysis. Good luck to everyone!
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