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The overall increase in the TON ecosystem today is quite good. The founder’s call effect has led to speculation—right now, it’s being driven by bullish expectations (to be announced within about 7-15 days). So during this period, there is still capital propping up the market. The ecosystem with the standout gains is $DOGS . It has a relatively low market cap, and its TON meme dog avatar is basically the leader. After accumulating at the bottom for more than a year, it has started to surge explosively these past two days.
All the other alts end up at zero, but in the short term there’s momentum and they haven’t broken out of the downtrend, which proves that the main players still don’t want to sell. At least today, the shorts are just being used as fuel.
This is definitely not the top. If you want to short, you can short the mainstream #ETH , $SOL . The mainstream will still pull back today to 2400—that’s the strongest weekly-level resistance. Boldly short ETH at the current 2375. After the U.S. stock market opens tonight, you’ll come back and thank me! There are a lot of sell orders set between 2400-2430, and that’s also an extremely strong resistance area. The amount is relatively large, so trades are basically difficult; essentially, it will first lead to a push that explodes the long positions.
Also, according to the liquidation map, below Ethereum around 2320 there are nearly 300 million long positions waiting to be liquidated. This area will definitely get cleaned out recently. The bottom-side positions have already taken profits at high levels. There’s currently no one-way trend, so it won’t keep surging sharply. Choosing to short around the resistance to catch a wave is comparatively more stable.
Altcoin recommendations: $4, #zec , CHZ, Mubarak