if no breakout from here, expecting another 50% drop to 0.16 would be a 70-80% drop from the high, and it should be a strong support level from a historical perspective.
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too many people are in this game, and I don't think the optimism and enthusiasm will just continue without any bloody loss cutting by the newbies. This is a tough game, especially after a 130x up within 6 months.
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but who knows? no one knows the future, I could be wrong of course. maybe I have a framing bias and representative bias.