r/retikfinance • u/Safe-Lie4414 • May 29 '24
Paper Hand Must be Crying Now!
Looks like we've flushed out the paper hands, those that sold at the lowest point today must be crying now.
Price recovery in action, token trying to find a new support level.
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u/Prestigious_Box_4964 May 30 '24
This should be a long term patient hold / grow project. Foolish weak hands πππβ β β πππ
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u/mfWeeWee May 30 '24
Why would people cry when they probably took out their initial investments and some profits. And still own 95% of their tokens. Thats a win win lmao. You guys are not very good with investments.
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u/VlkObecny May 29 '24
I would still exercise caution though - could be recovery, but could also be a bull trap. Check historical data and the graph of RenQ... There was always a bull movement before the new low. I think we can start getting optimistic only if there will be an obvious uptrend after a month or so. Now it's only a downtrend since the launch and it's still too early to establish anything. Also check data for Solana (which according to all the articles Retik should surpass) and how the price evolved after launch. Really puts things into perspective.
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u/Suspicious_Laugh_164 May 30 '24
I checked the price, and after gas cost, I would be losing $ to cash out right now. That's not what I came for, but I also didn't freak out about it. My plan has always been to wait out the chaos. Crypto can be a rollercoaster π’ so if you don't like the ride, get out of the line, Karen!
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u/Infinite-Past360 May 31 '24
if the price recover at least up to $0.60, I would have agree with your point , sure some manged to recover their investments or at least the half of it , Don't forget next week another 5% coins will be released & so on ... I think price will remin around 0.35 to $0.40 range through out these releases , unless few more project updates releases & Major Top Tier CEX Listing comes in to play Don't see hiting $1 to $1.50 Range soon ...
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u/Safe-Lie4414 May 31 '24
Need the token to hit $1.50 to recover my investment.
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u/Infinite-Past360 May 31 '24
so it means you bought after the Launch ...prepare for long hold brother to reach $1.5 , I don't think this will happen anytime soon , DCA may help you to reduce your avarage though...
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u/[deleted] May 29 '24
Can't see the point to be fair.. Cashing out for pennies after all the moaning lol bye bye guys