$ALLO I have a feeling it will break the previous high.
If you don't believe it, you can give it a try 🔥🔥🔥
From the current trend, it hasn't made a new low yet.
After that previous surge, there was a pullback, but it stabilized quickly, and recently it has started to rally again.
This indicates that the upward trend hasn't been broken; rather, it's continuing to push up after a shakeout.
From the smart money perspective, the long-short ratio is still heavily imbalanced.
Right now, we're likely in the manipulation phase where the big players are baiting shorts.
Many people think that after such a rise, it should drop, so they're going all in on shorts.
But often, the more they think that way, the more the whales like to keep pushing it up.
Based on my monitoring of on-chain fund inflows, there has been no signal of major players exiting yet.
The funding rate is slowly returning to normal from negative, which means some shorts are starting to throw in the towel. #FranceUncoversCryptoMoneyLaundering
One last point, and the most important one.
Market sentiment is starting to show FOMO now.
In a short time, it's nearly doubled, and more people are paying attention.
At this moment, the risk is indeed high, but the opportunity is also there.
So my strategy is simple:
Enter with a light position and go with the flow.
Don't go all in, don't get overly excited.
If you're going to trade, pick the strongest one.
Opportunities are always there for those who are patient.
Everything will turn out fine.
If you don't believe it, you can give it a try 🔥🔥🔥
From the current trend, it hasn't made a new low yet.
After that previous surge, there was a pullback, but it stabilized quickly, and recently it has started to rally again.
This indicates that the upward trend hasn't been broken; rather, it's continuing to push up after a shakeout.
From the smart money perspective, the long-short ratio is still heavily imbalanced.
Right now, we're likely in the manipulation phase where the big players are baiting shorts.
Many people think that after such a rise, it should drop, so they're going all in on shorts.
But often, the more they think that way, the more the whales like to keep pushing it up.
Based on my monitoring of on-chain fund inflows, there has been no signal of major players exiting yet.
The funding rate is slowly returning to normal from negative, which means some shorts are starting to throw in the towel. #FranceUncoversCryptoMoneyLaundering
One last point, and the most important one.
Market sentiment is starting to show FOMO now.
In a short time, it's nearly doubled, and more people are paying attention.
At this moment, the risk is indeed high, but the opportunity is also there.
So my strategy is simple:
Enter with a light position and go with the flow.
Don't go all in, don't get overly excited.
If you're going to trade, pick the strongest one.
Opportunities are always there for those who are patient.
Everything will turn out fine.