幻樱 - 桜を咲かせように
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Placed half a month ago, could you have imagined that the President Coin would be so cheap?
Currently, from the market perspective, the main players are already prepared to digest the positive news from the White House cryptocurrency summit on March 7. So we can roughly estimate that the main players will use this positive news to pull it up to the previous resistance level, around 15.6.
At the same time, around 11, Dog Donkey believes there is a chance it could become a 'big bottom' for the President Coin, meaning that from now until the future's new bull market cycle, prices will not drop below 11 again.
Therefore, the President Coin is actually very suitable for spot trading right now; first, take a spot position with the positive news aiming for 15.6; subsequently, if it does not drop below 11 again, consider adding back to the position for a super long-term trade.
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In terms of operations:
① The range of 12.7 - 13.0 can be entered for spot trading, with a stop loss at 12.0 - 12.3, targeting 15.6.
② Be sure not to try to catch the so-called 'historical bottom' right now! There is a chance this could become the bottom, but if this position is to support the next bull market, it will inevitably go through a long grinding period, after which there will be plenty of opportunities!
③ Near 15.6, you can sell everything or sell in batches with some strategy, but the key is still to see how the subsequent market develops!
Currently, from the market perspective, the main players are already prepared to digest the positive news from the White House cryptocurrency summit on March 7. So we can roughly estimate that the main players will use this positive news to pull it up to the previous resistance level, around 15.6.
At the same time, around 11, Dog Donkey believes there is a chance it could become a 'big bottom' for the President Coin, meaning that from now until the future's new bull market cycle, prices will not drop below 11 again.
Therefore, the President Coin is actually very suitable for spot trading right now; first, take a spot position with the positive news aiming for 15.6; subsequently, if it does not drop below 11 again, consider adding back to the position for a super long-term trade.
---
In terms of operations:
① The range of 12.7 - 13.0 can be entered for spot trading, with a stop loss at 12.0 - 12.3, targeting 15.6.
② Be sure not to try to catch the so-called 'historical bottom' right now! There is a chance this could become the bottom, but if this position is to support the next bull market, it will inevitably go through a long grinding period, after which there will be plenty of opportunities!
③ Near 15.6, you can sell everything or sell in batches with some strategy, but the key is still to see how the subsequent market develops!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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