With the positive impact of the CPI, Ethereum is approaching the 3030 support level, continuing to watch for breakthrough situations. Today at noon, we entered at 2934, which was the low point. However, considering the influence of the CPI, we closed around 2985, only catching part of this fish, and I am content.
Let's take a look at a very strong cryptocurrency recently, Penguin $PENGU . This institution has been continuously supporting it, and endorsements from big names have led to an upward trend against the market. Its strength should not be underestimated, and its current market capitalization is only 2.1 billion, with upward potential unknown.
(In the picture below) Last night, I saw a fan telling me they shorted Penguin at 0.0284 with 100 dollars at 20X leverage. If I hadn't scolded them, they would have held the position. Currently, it's at 0.034, with a spot price increase of 23%. Opening at 20X is equivalent to a negative 440%. As the saying goes, not losing is earning.
The upcoming market trend should mainly focus on low longs; better to go long 🐶 than to short and be a slave.
