#山寨季何时到来 Shanzhai $OTHERS K-line chart.
Figure 1 is the weekly chart, Figure 2 is the monthly chart.
If there can be a pullback on the weekly line next, it will be a good second entry opportunity. It may also not pull back and go directly to complete the main upward wave. Because the weekly line has already started to expand.
Moreover, this Shanzhai bullish trend may be a rebound B wave in a larger cycle monthly line, initiating a new round of upward trend on the weekly line. Therefore, it will rise quickly and end quickly.
The market may end as soon as a month later, or more slowly in July. This bull market cycle has always been characterized by "short bulls and long bears."
Do not make biased predictions. No one knows how the market will ultimately behave; it is always right. Just maintain independent thinking about the market at all times and use it to prepare your trading plans and response measures.
Personally, I will start to push up stop-loss protections for all spot and trend long positions in a month, while constantly paying attention to market conditions and whether the held currencies are beginning to show top structures.
Of course, these are rather pessimistic trading plans, preparing for less-than-ideal responses.
If this round of bullish trend is the "madness of the bull tail," and $OTHERS continues to set new highs, then take profits in batches, selling more as it rises.
Profits exceeding expectations are gifts from the market.