The relationship between U and coin prices 🔥
Recently, coin prices dropped, and now U has started to fall, with the U price breaking 7. Here’s a mnemonic to share ⬇️
When coin rises, U rises, it will rise further
When coin rises, U falls, there will be a pullback
When coin falls, U falls, it will continue to fall
When coin falls, U rises, there will be a rebound
This mnemonic reflects the psychological state of medium to long-term investors towards the market. It's a way to help everyone interpret it, and I think it can be saved 📕
1️⃣ When coin rises, U rises, it will rise further
Although the coin price has risen, everyone feels it can go higher, so continuous buying will further push up the price.
2️⃣ When coin rises, U falls, there will be a pullback
The coin price has risen, but everyone is eager to sell, indicating that they are not optimistic about the subsequent market, so the rise cannot be sustained. Waiting for the power to weaken will lead to a drop.
3️⃣ When coin falls, U falls, it will continue to fall
The coin price is falling, but no one is buying. Everyone feels it is not yet the time to buy the dip, and there are cheaper chips available, so the price will continue to fall.
4️⃣ When coin falls, U rises, there will be a rebound
The coin price is falling, and when it becomes cheap enough, a lot of funds will enter the market, creating a divergence with the price, indicating that funds are buying the dip, leading to a rebound.
