$POWER It is recommended to invest in high altitudes. During this period, regardless of which currency has risen dozens of times from the bottom, the result is always a drop back. Find a good entry point, and when a reversal signal appears, it's good to go short. Shorting may trap you, but it will definitely come back to you #power.
Daily market sharing #ETH 12. On the morning of the 12th at around 5 AM, a prediction was made, also indulging in some fantasies about the subsequent ETH market. Although it followed the YY direction, it's YY after all, so let's not discuss that. Instead, let's talk about the subsequent market. After completing a main ascending wave, it has again entered a descending wave. Anyone well-versed in wave theory should be able to predict this drop. Currently, we are still in a major upward trend channel, and the current price is at the Fibonacci 0.5 retracement level, experiencing fluctuations and rebounds. The specific strength depends on the market's support and resistance. If the price approaches the 0.5 retracement level (around 3,050) without breaking through and shows signs of a pullback (such as bearish candlestick patterns or shrinking trading volume), shorting can be considered, targeting the next support level, approximately in the 2,900-2,950 range. If the price breaks through the pullback range, especially breaking 3,100, it may indicate that the rebound is complete, and the market might continue to rise. In this case, consider closing short positions or going long. If it breaks below the ascending channel line, it represents a trend breakdown and the market begins to shift. Need to observe and pay attention. $ETH Hope to learn and grow together with you all.
#PIEVER has been testing the rising trend line, but the highs are starting to gradually decrease. As long as the previous high is not broken, one can go long with bottom support until it converges into a shrinking triangle. Maintain a stop-loss to protect capital. Currently, the upper and lower margins are too large. If the trend line is broken, stop-loss or turn to short, exercise caution with large sell-offs $PIEVERSE $PIEVERSE
#zec The major upward trend has broken, and we are currently in a rebound phase. There are many points of concern below. The points of concern above are 470-485. If we cannot stand above these points, the trend reversal will ultimately not be completed. $ZEC
#ETH Short-term bearish, it is recommended to trade back and forth in waves, and the entry position is suggested to look at small cycle 5-15 minute level candlesticks. Try to find positions on the left side, and enter on the right side breakthrough. $ETH $ETH
Daily market summary #ETH Ethereum's new round of decline 📉, three times hitting the support level, and breaking the upward trend line, need to pay attention to whether the upward trend line forms resistance. Currently, the bullish pressure is very high, and resistance is being generated at all levels. $ETH
Daily market share #Zec A new round of downward trend has formed, attention should be paid to whether the descending trend line can play a suppressive role, mainly focusing on short positions. In terms of the overall trend, it should return to around 500-600 for a pullback, with attention to the support and resistance swap positions at various levels $ZEC
$BDXN Height-controlled coin, both long and short should be cautious, see if the market maker is willing to continue making a market, whether it can follow the MYX route depends on the market feedback, in addition, this coin will be unlocked on the 12.3. Hope everyone will be cautious, suggest a small position #bdxn $BDXN
$COMMON Currently, the top ten address holdings account for 95% of the total, and after subtracting the amount from several liquidity pools, the proportion held by the market maker is 65%.
The market maker's chips are greater than half of the total amount, and the market maker's chips have hardly moved since the market opened, while the big whale retail investors hold relatively few chips, and all are in a loss state.
Why is there a continuous decline? It was found on their official website that the main reason for the decline is the selling by those who completed tasks early to receive official task rewards (specifically, the amounts sold on-chain are not significantly different).
Under the premise that there are excessive chips held by the market maker and none have been sold, small positions can be held while waiting for a pump.