$RIO has painted an interesting picture over the past year. Looking at the bigger timeframe, price carved out a textbook 3-wave structure throughout 2024. What stands out is how aggressively it dropped—the decline bottomed precisely at the 1.38 Fibonacci extension, which lines up perfectly with where wave-iii typically exhausts. The chart setup suggests both upside and downside scenarios could still play out from here. Right now though? The price action looks sluggish and unconvincing. Keep your eyes peeled—another leg down remains in play, so tight risk management is key before any commitments.
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MissedAirdropAgain
· 2025-12-18 00:24
1.38 Fibonacci accurately hits the bottom. This wave pattern does have some substance, but it doesn't seem to be moving much right now.
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Time to tighten stop-losses again. This kind of market tests human nature the most.
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Wave 3 structure has emerged... continue waiting for the next breakout wave, why panic?
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It looks like it will continue downward. I'll reduce my position first; I don't want to get caught.
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Where's the promised rebound? Why is it still so weak and sluggish?
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That 1.38 level is really tightly held; the potential space is truly impressive.
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Alright, I'll wait for clearer signals before acting. Entering now would just be picking up the bag.
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Wave theory has won again, but traders still lose more money.
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ShortingEnthusiast
· 2025-12-17 03:35
1.38 Fibonacci level hit precisely. This wave of decline is indeed fierce; still need to keep a close eye.
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NoStopLossNut
· 2025-12-16 17:38
This chart really tells a story, with the 1.38 Fibonacci accurately hitting the bottom... but right now, it looks like it's sleeping. I'll wait and see.
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MeltdownSurvivalist
· 2025-12-15 00:55
1.38 Fibonacci precise bottom? Sounds pretty impressive, but the current sluggish price movement really lacks convincing power. I still need to stick to my stop-loss.
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CantAffordPancake
· 2025-12-15 00:53
Rio is about to crash again... Looking at it, I really have no confidence.
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DisillusiionOracle
· 2025-12-15 00:53
1.38 Fibonacci precise bottoming, this wave's technical aspect is indeed worth noting. But the current price trend is really disappointing, feels unconvincing.
Is the plunge still continuing? We need to be careful and avoid getting hammered down.
Oh no, this wave might go lower again, so protect your stop-loss, everyone.
Wave 3 structure looks good, but I'm afraid this is just a rebound false alarm... Better to be cautious.
It seems like the risk hasn't been fully released yet, waiting a bit longer before taking action is safer.
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HalfBuddhaMoney
· 2025-12-15 00:53
1.38 Fibonacci precise bottom? How do I see this wave still has the possibility of further drops, the current trend indeed lacks convincing power
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Wave theory looks good, but I'm afraid if it breaks below 1.38 and makes a second bottom, that would be truly disastrous
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Wow, after this analysis RIO is really quite fierce. I think I'll reduce my position first and observe
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Wait a minute, if I enter now, isn't it just a freebie? Proper risk control is the key, brother
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1.38 this level so precise? Fine, I'll just watch for now, no rush anyway
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SerumSquirrel
· 2025-12-15 00:51
rio's chart this time is truly exquisite, but I really can't see any clear movement right now.
Wait, is 1.38 Fibonacci precisely hitting the bottom? That's too textbook, feels a bit suspicious.
Really, the recent trend has been too disappointing; the downside risk hasn't been fully unleashed yet.
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FloorSweeper
· 2025-12-15 00:46
ngl the fib extension callout is cute but everyone and their mom sees 1.38 rn... real question is who's actually buying this weak sauce? dead cat bounce written all over it imo
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BearMarketLightning
· 2025-12-15 00:26
rio this time really didn't show any highlights, it feels like just tormenting people
Is the fiber line accurately hitting the bottom? I still can't figure out when to get in...
Managing risk while saying it might continue to fall, then I'd rather wait and see
The price is so dull, how dare I make a move
Wave theory again, same old rhetoric, so tired of it
I'm tired of the three-wave structure stuff, when will there be a real rebound
The current market is just wearing down patience; instead of analysis, it's better to hold coins and watch
$RIO has painted an interesting picture over the past year. Looking at the bigger timeframe, price carved out a textbook 3-wave structure throughout 2024. What stands out is how aggressively it dropped—the decline bottomed precisely at the 1.38 Fibonacci extension, which lines up perfectly with where wave-iii typically exhausts. The chart setup suggests both upside and downside scenarios could still play out from here. Right now though? The price action looks sluggish and unconvincing. Keep your eyes peeled—another leg down remains in play, so tight risk management is key before any commitments.