Don't think I'll take this trade (simply because I think there are better trades out there), but I like the thought-experiment around RRON staking coming early next year, what that means for AXS outflows and where price could go. The fib extension and 10 cents price marker represents a further and healthy 50% drop, and if the timing is right, potentially seeing that AXS → RON sell-off as tribal followers think RON will do another crazy move like AXS did and exchange into it.
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