$STG This wave straight-up rallied 60%, it's definitely impressive!
This is mainly due to the ongoing expectations for the LayerZero ecosystem, coupled with its previous deep drop, making it a typical low-level rebound.
Funds are flowing out of Bitcoin and Ethereum, specifically targeting coins with solid fundamentals that have lagged behind. Technically, it’s a classic arc bottom breakout, and the main players are clearly in control.
Looking at the smart money data, it’s overwhelmingly one-sided.
Long positions are over 11 million U, while shorts are only at 6 million, giving a long/short ratio of 184%. Plus, 92% of the long holders are in profit.
This indicates that big money and smart money are both going all-in on longs, with sentiment extremely bullish. However, it also means that once there’s a pullback, profit-taking pressure will be significant. $ETH
Currently, the price at 0.4244 is approaching the previous high of 0.4280.
The intraday trend is likely to test this resistance level.
If it breaks out with volume and holds above 0.425, the upside potential opens up;
But if it spikes and then retraces, leaving a long upper shadow, be cautious of a short-term pullback.
In terms of strategy, don’t chase the highs right now; wait for a dip to stabilize around 0.39 before entering, it’s a safer bet.
For those already holding positions, consider taking profits in stages, keeping some capital for a potential breakout, and set a stop-loss to avoid getting shaken out.
#英国FCA拟允许零售基金持有10%加密ETN $ESPORTS
This is mainly due to the ongoing expectations for the LayerZero ecosystem, coupled with its previous deep drop, making it a typical low-level rebound.
Funds are flowing out of Bitcoin and Ethereum, specifically targeting coins with solid fundamentals that have lagged behind. Technically, it’s a classic arc bottom breakout, and the main players are clearly in control.
Looking at the smart money data, it’s overwhelmingly one-sided.
Long positions are over 11 million U, while shorts are only at 6 million, giving a long/short ratio of 184%. Plus, 92% of the long holders are in profit.
This indicates that big money and smart money are both going all-in on longs, with sentiment extremely bullish. However, it also means that once there’s a pullback, profit-taking pressure will be significant. $ETH
Currently, the price at 0.4244 is approaching the previous high of 0.4280.
The intraday trend is likely to test this resistance level.
If it breaks out with volume and holds above 0.425, the upside potential opens up;
But if it spikes and then retraces, leaving a long upper shadow, be cautious of a short-term pullback.
In terms of strategy, don’t chase the highs right now; wait for a dip to stabilize around 0.39 before entering, it’s a safer bet.
For those already holding positions, consider taking profits in stages, keeping some capital for a potential breakout, and set a stop-loss to avoid getting shaken out.
#英国FCA拟允许零售基金持有10%加密ETN $ESPORTS