After careful consideration, I still choose to sell a portion of my position because I dare not gamble.
The logic behind our bottom-fishing this time is very simple, as shown in the picture, it is to bet on a B-wave rebound, as well as the major support at BTC 112,000 and the support around ETH 4,100. We made our purchase when others were most fearful.
Now, all the coins have rebounded significantly, especially Pengu which has risen over 20%, and ETH's rebound has exceeded my expectations. Although they may rise further, I am personally satisfied and have decided to take some profits. After all, my trading logic is that when others are fearful, I am greedy. I do not like to chase prices during a surge. Retail investors often lose money by panicking and selling at low prices during a crash, and then prefer to chase high prices when it rises, buying high and selling low.
Currently, I still have a long-term bullish view on Sol. After we discussed it yesterday, it hit a new high today, reaching 212. If you want to take short-term profits, you can. If there is a significant pullback, you can re-enter. The current resistance and target are around 219. Then in October, the spot ETF is expected to be approved, which should initiate sector rotation.
Additionally, XRP, LTC, ADA, and Doge also have a chance of getting ETF approval in October. These coins may become the upcoming sector hotspots, so everyone can keep an eye on them. There should still be good entry opportunities, and I will notify everyone at that time. Let's go all in!
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