Alecto

Radix (Are you in?)

KUCOIN:EXRDUSDT   Radix / Tether
The price is going down within a descending channel for a while.
The bottom is very close.
How much can radix still go down?
The lowest price was 0.08.
The current price is 0.13.
There is still a risk of losing about 40% of the value. That’s not small.
What about enter now?
What is the reward for this risk?
To be very conservative 0.30, a gain of 300%.
Does this bet make sense?
The fundamentals of the project are still there.
The volumes are there too.
... but .... Bitcoin can still wet the pajamas and drop everything Q.Q
Even if the price reaches the minimum, do you think that the price will not recover anymore or that it can again soar?
Are you willing to spend, perhaps, a few months with a 40% loss-making asset?
Can you bear anxiety and fear?
Are you willing to pay the cost of this bet and its reward?
The point here is not how much I can lose, the real question is will there be, in my opinion, a day when the asset will perform again? If the answer is "yes" you should look at the chart because the price is pretty much on the bottom.
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