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#BABYNEIRO To be honest, this coin doesn't have anyone with low-priced chips, they are all around 20-25. Just buy at the current price and don't hesitate! No one is selling at this price now! There will be more people buying tomorrow during the day! I don't have much stock, you can tell from my level, but I hope it succeeds. Come on, everyone go to the chat room and promote it. Every coin needs Consensus!! Only with enough Consensus can we attract Whales!! The second BABYDOGE!!#ALEO This round of fall has continued for 20 days. If it doesn't close Bullish line by 8 o'clock tomorrow morning, it will be more than 20 days. On the day of exchange, the highest price reached $8. Although some people chased the market after going online, the overall market data is still good, always maintaining a Bullish line state with small steps. However, since September 30th, there has been a continuous fall every day, and the lowest price in the past two days has fallen by 77% from the high point. Fren has been working on this Mining Rig and specifically called me to communicate. I said I could take a position, at least 30% is needed. It's unlikely to buy at the lowest point, and you can't catch the bottom alone.
And the reason I think I can Build a Position is because first, my emotions are in place. As soon as the previous article was published, someone commented, "Aleo is a garbage Pyramid Scheme" and "the editor is a project party's stooge";
The second reason is because the circulating Market Cap is indeed not high. Aleo initially raised more than 200 million US dollars, isn't this a lie? According to the current Circulating Supply, the circulating Market Cap is only 220 million US dollars. Do you see any problems? As a capital party, you are not here to eat for free. After tossing for so many years, haven't you made any profits yet?
Thirdly, it is the Candlestick pattern: continuous 20 days of falling, on the 4-hour level, it is basically smashed down by a 3 consecutive bullish line and continued to fall, only after the past two days of falling, there was a rare breakthrough of more than 4 consecutive bullish lines, currently, although weak, it is also in a continuous Bullish line state.
The above is the reason I think I can Build a Position. As for the project's vision, technology, etc., I won't write an essay. Even if I write it, you won't read it. It's all ancient foxes, so let's not tell ghost stories. Of course, it is also possible to continue to fall, after all, some new coins on Gate have fallen for 30 days in a row, stayed sideways for more than 10 days, and just when you think it has stabilized, it continues to fall for more than ten or twenty days, making everyone lose patience. In the end, everyone gave up in despair and stopped looking, and instead started to rise.
If the current price continues to drop by 50%, to around $1, it means Aleo's circulating Market Cap will drop to within $200 million, which is still quite attractive. It's amazing to now build a position, lose half again, and continue to margin replenishment, 'limited losses, high odds'.
Source: Web Inspection Institute, welcome to communicate and discuss rationally.