Accurately predict the REEF plunge, the current drop is more than 100%, where will the price go next?

The previous judgment on REEF was quite accurate. First, on the evening of the 14th, it was reminded that the funding rate was too low, and it might plummet to harvest retail investors who wanted to go long and eat the funding rate. As a result, it plummeted 60% from the high on the 15th. That night, I also posted a message to remind people not to buy the bottom, and then it continued to fall by 40%.

As for the specific logic, the articles I have posted have explained it. Here I will only explain the results and will not repeat the process. So, REEF, which has plummeted for two consecutive days, should be shorted or long now?

At present, I think REEF is in an oversold state. The plunge is too fast. If it continues to fall, it may be delisted.

I gave an example before that REEF may continue to fall like HIGH in June this year. But you can compare it. Taking the Bollinger Bands as a reference, HIGH has never fallen below the lower track of the Bollinger Bands, while REEF has fallen below the lower track a lot.

So I said "it plummeted too fast". If you don't want to bear the risk of being delisted, REEF must rebound at least once.

The current funding rate is extremely low, and it is unlikely to plummet again when there are too many shorts, and REEF shows a double bottom pattern with large volume at the one-hour level.

Therefore, you can go long at the current price and control your position.

For take profit and stop loss, just set it according to the profit and loss ratio of 1:1. This transaction is super cost-effective. Due to space limitations, I may post another article to explain this later.