I added RIO for the long term

2024年10月12日

The major narratives of this cycle are AI, GameFi and RWA but I see too many people talking about the first twos and few about the last one. I'm trying to have a bit of everything in my portfolio although I'm adding small bags because unfortunately I've already spent the majority of my money.

You can see on 4h that price is in a bullish falling wedge and this is more or leass what I'd expect from it.

On Daily the bullish structure is more clear: and the upper wick indicates that price should go up again on daily timeframe.

On weekly the worst I could expect is a drop of a 12% from my entry price (blue line).


RIO has less than 8 mil USDT as market cap, this can easily go 20x during altseason. I think it's worth risk. So far RIO goes with CREDI and SOIL in my RWA bag.

Good luck

2024年10月19日

註釋

Sorry guys I was on vacation. Basically after my post and buy RIO price dumped, I was surprised as well as I didn't know why and I later discovered that following this proposal: explorer.nodestake.org/realio/gov/11 people went crazy because RIO supply will increase. However such behavior is UNJUSTIFIED because the supply will be increased over 35y and won't affect current cycle.

I added a bit more after the dump and I'm currently seeing if here a local bottom is forming:

at 1h I see bullish DIV forming but they need time to manifest on daily:

2024年10月20日

註釋

aaaand there it is! RIO pumped on what appears to be the new local bottom. The bullish DIV manifested themselves. ✌️Great! I hope you bought the FUD after I posted a ton of signals. Follow me for more