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Some time ago, I bought the bottoms of a few scam coins. Although I set my stop-loss points very close these past couple of days, the price hasn't moved in that direction. The plan is to hold on and keep an eye on whether there are any high-position shorting opportunities for Ethereum recently.
Let's first talk about the status of these coins. BEAT was bought at its lowest point yesterday, and then the market makers started to shake out aggressively. According to previous strategies, either it drops near my opening cost, or it gets pushed up to the top of the ascending channel—there are no other options in between.
The situation with LIGHT is even more outrageous. It almost wiped us out yesterday. Later, I felt there was no more momentum, so I suggested everyone set a break-even stop-loss. My own stop-loss is set at 0.84. Honestly, I initially thought I’d get crushed upon waking up, but it turned out to be just oscillation all day, with no clear breakout. The market makers' manipulation of this coin is too crude; they cut profits too aggressively a couple of days ago, and now few people dare to enter the market. However, based on the unlocking schedule, there will definitely be another rally later; otherwise, the previous actions by the market makers would be meaningless. So, bottom-fishing is fine, just depends on whether we can wait for the moment it takes off.
I won't say much about ALPINE. I’ve allocated some positions to gamble on it returning to the high point. The stop-loss is set around 0.566, but you can adjust it lower based on your risk tolerance. To seize such opportunities, patience is required.
H coin was recommended by a friend, so I casually bought some. As a result, I was floating in loss all night. Everyone can refer to my stop-loss setting.
Now, moving on to Ethereum analysis. My overall outlook remains bearish, aiming to short down to the weekly support level. The tricky part is choosing the entry point; I might enter a position around 3060. If the market surges too aggressively, I’ll add more at 3175. Hopefully, the market will give everyone a suitable opportunity to build a position.