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《Growth Continues — Current Trend Analysis》
In the past few days of strong rebound, all the cryptocurrencies we had positioned at relatively low levels have reached our first profit-taking point. When market sentiment is high, it is essential to reduce holdings without hesitation while following the trend.
DOGE, which was added around 0.172, has already reduced holdings near 0.19. It seems the trend has broken through the strong resistance at 0.2. Buying back on a pullback may not guarantee purchasing at lower prices, and the next profit-taking position can be set around 0.23.
BOME, added around 0.0013, has reduced holdings near 0.0017. The breakthrough of this resistance has been quite decisive, and the next profit-taking position is set around 0.0025.
BONK, added around 0.000016, has reduced holdings near 0.000022. This level has become a support, and the next profit-taking position is around 0.000026.
WIF, added around 0.53, has reduced holdings near 0.7. The recent resistance appears to be around 0.84. The current market trend is quite good, and there is a significant probability of breaking through this level, which still needs attention.
FLOKI, added around 0.000072, has reduced holdings near 0.0000094 and has also stabilized at this support level, showing a good trend. The next profit-taking position is around 0.000013, and it can be held further.
Many fans have been asking when to add positions in the past few days. Choosing to chase prices during a market rebound carries significant risk. We always position ourselves at relatively low levels before the market has started. When market sentiment is in FOMO, we have already exited with profits, seeking the next opportunity. Keep an eye on TACO and seize more opportunities.