Originally, I was fully invested in going long on ADA, but seeing so many of you buying, I decisively gave up on XRP.
刘丞相
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Why I Invested My Spare Money in ADA? Not Just Faith, But Real Utility.
Recently, I chatted with a few friends who study crypto together, and we found that everyone is coincidentally paying attention to this token (ADA). To be honest, I previously thought it was just one of many conceptual coins, but upon closer inspection, I found that it really has some unique aspects — not only can it be traded, but it can also be used, and even allows you to 'earn some passive income'. First, let's talk about what I value most: real-world applications. Many coins are hyped to the skies, but if you ask them 'what is it really used for', they might go speechless. ADA is different; I found out it is already being used in several fields.
I am already prepared to hold long positions in Ripple for the long term. My reasons for going long are as follows: Ethereum is expected to perform better than Bitcoin in the second half of the year, and Ethereum represents the entire altcoin season. If there are further positive news such as ETF approvals, we could see the price reach 4.5. Currently, this position allows for a small entry, with the lowest point potentially reaching 2.8. In the short term, there may be risks from Bitcoin and the ancient giant whales dumping, so positions can be entered at 2.98, 2.95, 2.9, and 2.87 respectively. The 30-day data for Ripple shows that the short position amount is twice that of the long position. Once the market rises, it is highly likely that the shorts will be squeezed.
The main purpose of this wave is still to clear leverage. There are too many favorable factors for the second contract now, and with interest rate cuts, everyone knows it will rise. I still believe in my judgment. Many people have opened low-leverage long positions in advance. Before the absolute surge, they will definitely clear some leverage. Just as I was about to go long at 5000, I decisively opened a 30x short position. There are too many long positions now, and I still don't believe the market will let so many people make money. It's still the same saying: extremes will turn into opposites. In the short term, short at 5000, and for the long term, I suggest low leverage long positions. There will definitely be a pullback, so if you feel the price is high, you can wait before getting in.
The main purpose of this wave is still to clear leverage. There are too many favorable factors for the second contract now, and with interest rate cuts, everyone knows it will rise. I still believe in my judgment. Many people have opened low-leverage long positions in advance. Before the absolute surge, they will definitely clear some leverage. Just as I was about to go long at 5000, I decisively opened a 30x short position. There are too many long positions now, and I still don't believe the market will let so many people make money. It's still the same saying: extremes will turn into opposites. In the short term, short at 5000, and for the long term, I suggest low leverage long positions. There will definitely be a pullback, so if you feel the price is high, you can wait before getting in.
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Join us for the celebration of #BinanceTurns8 , and share up to $888,888 worth of BNB! https://www.marketwebb.red/activity/binance-turns-8?ref=GRO_19600_S3SVJ&utm_medium=app_share_link_wechat
Join us for the celebration at #BinanceTurns8 , and share in up to $888,888 worth of BNB! https://www.marketwebb.red/activity/binance-turns-8?ref=GRO_19600_S3SVJ&utm_medium=app_share_link_wechat