First the conclusion: I won’t take this trade.
RHEA is down 22.8% over the last 24 hours after being smashed.
There’s no one on-chain to catch $BNB , and it continued to drift lower by another 0.56% in the next hour.
Over 24 hours the volume is $2.13M, but the pool is only $0.53M.
With this kind of depth, there isn’t even any cushion when it gets dumped.
A small-cap with a market cap of $44.97M—there’s no real support below.
Honestly, anyone calling for a dip-buy from this spot makes me worry for them.
I’m staying in cash and watching; if it bounces, I won’t chase.
0.0612 is the invalidation line for this setup—if it breaks, don’t ask; get out.
The audit looks low risk, but there are two things to note: it can issue more tokens and can be upgraded—the relevant clauses are there.
If you want to get on board, weigh it for yourself.
If this invalidation line breaks, will you leave or not? Tell the truth in the comments.
#Alpha #RHEA
This is a personal order-book/market layout record and does not constitute any investment advice. Pay attention to position sizing.
RHEA is down 22.8% over the last 24 hours after being smashed.
There’s no one on-chain to catch $BNB , and it continued to drift lower by another 0.56% in the next hour.
Over 24 hours the volume is $2.13M, but the pool is only $0.53M.
With this kind of depth, there isn’t even any cushion when it gets dumped.
A small-cap with a market cap of $44.97M—there’s no real support below.
Honestly, anyone calling for a dip-buy from this spot makes me worry for them.
I’m staying in cash and watching; if it bounces, I won’t chase.
0.0612 is the invalidation line for this setup—if it breaks, don’t ask; get out.
The audit looks low risk, but there are two things to note: it can issue more tokens and can be upgraded—the relevant clauses are there.
If you want to get on board, weigh it for yourself.
If this invalidation line breaks, will you leave or not? Tell the truth in the comments.
#Alpha #RHEA
This is a personal order-book/market layout record and does not constitute any investment advice. Pay attention to position sizing.