Today, the official gave Taco a new label: money-making machine. The emotionally rich Taco doesn't like this label, but for everyone's benefit, and to stand by what they have said, being a money-making machine is acceptable.
Bitcoin has been oscillating around 11 for a long time, and since stabilizing around 115,000, we have been bullish towards 121,000. Now this position has become support; this morning at 8 AM, the daily line changed, further raising support to around 123,000, which is also an entry point for long positions. A stop loss of 500 points for a potential profit of 5,000 points makes this risk-reward ratio suitable.
Ethereum is similar; looking at the daily line, it has stabilized around the support of 4,720, which is also the timing for entering long positions. A stop loss of 20 points for over 200 points of profit potential is also worthwhile. If Ethereum does not push to a new high, it is hard to have a significant pullback, so we should go with the trend and be cautious with shorts.
Yesterday, we advised everyone to reduce some positions, and there hasn't been a pullback; it is still growing. This is also driven by Bitcoin and Ethereum. There’s no need to rush; once the altcoin market starts, there will be many opportunities to get on board.
We have been focusing on the MEME sector; DOGE around 0.2 and NEIRO around 0.00042 have always been held without movement. DOGE was advised to reduce positions around 0.25, and it has now perfectly reached that point. After reducing positions, just wait for Taco's signal to add back.
