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Positioned in advance—once this trend shows up, just go for the gains.
I’m pretty satisfied with this one. Earlier, I noticed it had been ranging around 3.2–3.6. The price didn’t keep breaking down, and trading volume started to gradually expand, so I positioned a long in advance.
Later, the market gave me feedback: on the hourly timeframe, it broke out of the consolidation range with a surge in volume, and the price quickly surged to around 4.25. This profit also came from riding the move.
From a technical perspective, the hourly timeframe has now broken through the upper Bollinger Band. MA5, MA10, and MA30 have formed a bullish alignment, and the short-term trend has already strengthened. However, after consecutive upward moves, there will likely be pressure around 4.25–4.30. Next, we’ll need to see whether the funds can keep pushing.
If it breaks out above 4.30 with volume, there’s a chance to continue challenging around 4.5 next; if it pulls back, the key to watch is support around 4.0.
Opportunities in altcoins always go to the people who spot them early and plan early. By the time everyone else sees the rise, it’s often no longer the most comfortable entry position. Going forward, keep an eye on the BEAT trend. $BEAT $BTC $ETH