#la : The exchange is holding up the sky, retail investors are being cut to tears (Ding Ding has been in trouble for a few days)
Can't rise, but also hasn't collapsed
Above 1.55 is all sell orders, it gets smashed when the hourly line rises
Looking at the daily line, it seems to rise, but the MACD is quite weak, and the RSI has dropped from the overbought zone to 61, a short-term correction is definitely needed
EMA71.51 and EMA301.26 have formed a golden cross, can still hold in the medium to long term.
The exchange is pushing hard, but there are hidden traps
Advantage: Binance, Upbit, Coinbase have all joined, as of now trading volume has soared to 2.57 million, liquidity is off the charts;
Like TRB, it has been questioned for manipulation, the Gate liquidation incident proves that this thing is volatile enough to cause liquidation, no matter how hot the AI concept is, it cannot withstand the leverage strangulation.
LA is a project that I have been paying attention to, I want to do short to medium-term trading, but 84048012051
Next, I will continue to layout
The advantage of LA is the platform endorsement + AI heat, the risks are manipulation risk + wild fluctuations.
My personal suggestion is to wait for the bottom at 1.40 to hold, and act when it breaks 1.6.
