Everyone thinks a 160% bounce after a 99.8% crash means the worst is over for a token, but actually that's often the setup for another round of disappointment.
Traders see the green and rush in, only to get stuck when the move fades, repeating the cycle of buying hope and selling fear.
$ALICE dropped 99.8% from its 2021 high near $60. It has since climbed 160% from the bottom, and the weekly chart now shows its first real trend shift in years.
That looks like a turning point until you remember how many similar recoveries in old listings have failed while $BTC and $ETH moved on. A 160% rally sounds big, but the token is still a fraction of its former price.
The first signs of life after years of bleeding can lure in buyers who then have no idea when to get out. History with these kinds of moves suggests caution is wiser than excitement.
Where do you think $ALICE goes from here after this kind of damage?
#ALICE #Altcoins #CryptoTrading
Traders see the green and rush in, only to get stuck when the move fades, repeating the cycle of buying hope and selling fear.
$ALICE dropped 99.8% from its 2021 high near $60. It has since climbed 160% from the bottom, and the weekly chart now shows its first real trend shift in years.
That looks like a turning point until you remember how many similar recoveries in old listings have failed while $BTC and $ETH moved on. A 160% rally sounds big, but the token is still a fraction of its former price.
The first signs of life after years of bleeding can lure in buyers who then have no idea when to get out. History with these kinds of moves suggests caution is wiser than excitement.
Where do you think $ALICE goes from here after this kind of damage?
#ALICE #Altcoins #CryptoTrading
