$FOLKS This wave is actually a very standard cooling-off at the top.



Earlier, after bouncing back from the low, the price quickly rushed to around 2.17, and short-term sentiment was fully pumped. But the faster such a rally is, the more calmly it needs to be viewed, because once follow-through is insufficient later, a pullback is likely.

We arranged our short positions in advance and let the market provide the answers. Now that the price has returned to around 1.94, this segment has yielded over 2x profit.

Next, we won’t guess the bottom, nor blindly chase shorts. In the short term, first look at the resistance at 2.05; if the rebound remains weak, watch the 1.88 level; if it breaks, then look for support around 1.78.

The market always has a next move—what matters is protecting the profits already taken. Brothers with large positions should take profits in batches, and keep a defensive stop on the remaining positions while continuing to observe.$ETH $BTC #Strategy上周减持3588枚BTC
ETH0.59%
BTC0.79%
FOLKS-5.56%
View Original
post-image
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned