Sometimes opening a position relies on feeling, and sometimes it must be based on logic. Personally, I think that in a volatile market, the currencies chosen must be logical. Currently, we are in a volatile market.
With a currency like #SIGNUSDT , you only need to catch one to not work for a year. But I still choose to do simple trades; stable profits are the way to go.
#ETHUSDT This trend is not very optimistic, but as long as the market can hold up, everything in terms of patterns is just a technique. We still need to see the market's mood. 😉😉😉
With the market like this, many people are struggling, it feels like a fight for survival. It seems that the knockoffs are very active, but it's either a trap for shorting or a trap for going long. It's easy to get caught, and it's true that making money is difficult. 💪💪😂😂😂😂😂
Recently, I saw some people discussing what Binance Alpha points are? Actually, I'm not very clear about it either, so I went to #币安小助手 to ask, and found out: Binance Alpha points are used to assess user activity in the Binance Alpha and Binance Wallet ecosystem, determining your eligibility to participate in activities such as Token Generation Events (TGE) and Alpha token airdrops. In fact, anyone with questions about #币安 exchanges can ask the Binance assistant or directly contact customer service. It's very convenient.
1. Currently, both the short position ratio and the large holder short position ratio, as well as the number of short sellers, are significantly higher than the long positions. 2. Bitcoin and ETH are both rising, but at this moment, they are clearly going down. Therefore, when mainstream altcoins do not follow the rise, it indicates that the number of people holding these altcoins is clearly more inclined to abandon them in favor of mainstream currencies. 3. Let's see how far this short position can go. Anyway, as long as the mainstream currencies are still on an upward trend, altcoins shouldn't be too pessimistic. Just don't overthink it.💪💪💪
#ETHUSDT The recent contracts must have made everyone a lot of money! Timing is really important; hitting the rhythm just right, combined with the strong profit effects of the past few days! This gives a powerful sense of security to the bullish teachers in this market! The favorable tariffs have injected a shot of adrenaline into the global stock markets and brought unparalleled traffic to the cryptocurrency space, making it worth everyone's better strategies! #BTCUSDT
The subsequent market is still leaning towards a fluctuating market. High-level fluctuations mean cashing out at high levels. There will still be some opportunities for altcoins, but it's up to fate. 😂😂😂😉
Be cautious when shorting this demon coin #NEIROETHUSDT . After all, the starting node is ETH. Opening a position must be logical; otherwise, it's easy to get liquidated. Even posting a message in the square now can lead to this kind of situation, showing that there are really not a few sleepless people right now. Let's go for it. The market will only last a few days. Earning a bit more money might allow you to work fewer months or even years. No matter how good the logic is, always set a stop-loss; often, the more optimistic you are, the easier it is to get liquidated. 💪💪💪💪💪
#ETH has risen, indicating that the real madness has just begun. The frenzy of speculation is in motion. Set a time node, be cautious about shorting, be cautious about shorting, be cautious about shorting. It is no longer the time to look at charts. 😀😀😀 Which position will you see in the next interval?
In the evening, there are still successors, I thought the madness of the day had come to an end. Mainly because #BTC did not fall, so the market still sees the logic of continuing to rise.
The chips in the middle have already formed sufficient turnover through horizontal trading. Next time when the high point is horizontal, we must pay special attention to whether there are obvious signs of elevation in the densely packed average prices of those chips. Otherwise, we still shouldn't rush in. It can be shorted.💪💪💪💪
On the news front, Canary Capital has applied for a spot ETF in the United States, which will track the price of TRX tokens from the Tron network and include staking rewards. If approved, this will be the first Tron ETF in the United States, joining a wave of altcoin ETF proposals currently under review by the U.S. Securities and Exchange Commission (SEC).
From the chart perspective, #TRXUSDT has been in a sideways trend for nearly 5 months since last December. During these 5 months, using Binance bots for arbitrage would have been very suitable. However, despite the many speculative narratives and news surrounding this coin, it cannot escape the fate of being an altcoin.
The recent 5-month sideways consolidation indicates that the Tron team has adequately prepared for the ETF application. At least, there shouldn't be a significant loss effect. The team must have done some stabilization work.
Regarding the upcoming operational logic, I personally feel it is not very suitable for entry. There is support and resistance below, and a dense area of chips. Whether it can push up depends on ETF news stimulation; regardless of whether it passes or not, the ultimate direction cannot escape the common fate of altcoins. One could lay low at the bottom of the box. Currently, it is in the high range of the box. Even if the ETF is approved, there will still be significant fluctuations, so using bots for arbitrage is better. Short-term trading is still quite challenging. 👊👊👊👊 This is a personal opinion and should not be taken as investment advice. Comments, likes, and shares are welcome.
It’s actually a bit unexpected that this coin, #BROCOCOLIF3BUSDT , can be bought at such a low price. There were actually some signs before this coin, #FLMUSDT , was pumped. Recently, I have been wanting to summarize my trading logic. I need to combine these profitable trades and losing trades with the current coins and the current market environment to make some summaries.
I have always believed that all trading profits and losses have their logic. Today's market allowed me to make a little profit, and I have summarized the main trading logic as follows: 1. #BTCUSDT is generally still in a high-level sideways fluctuation. In this case, the mainstream profit effect will decrease, and this is a good time to pump altcoins. 2. Mainstream coins are showing a kind of stagnation, so after some altcoins show signs of rising, their subsequent sustainability will be better. The margin for error will be lower. 3. Roughly, we can see that the number of coins rising in the market is significantly greater than those falling, and the decline of the falling coins is not substantial. Coins that have risen by more than 10% generally have good sustainability. 4. From the charts, altcoins are moving in a very regular manner, and we can derive a rough logic from the drawings.
The above analysis only discusses the logic of opening these trades, but when everyone sees this comment, don’t chase anymore. Because the market logic may have already changed. However, the patterns of the market need to be continually summarized, thought about, and learned.
In summary, altcoins should set stop-loss and take-profit levels, especially the take-profit should be gradually moved up with the profits. Don't hold onto the cost zone stubbornly, otherwise, it will be very easy to not make money. Feel free to follow and communicate.
I am not a master; I am just trying to start finding methods and logic for compound interest. 💪💪💪💪
#STOUSDT has mentioned before that this coin really follows a very regular pattern. In fact, it’s not just this coin; many other altcoins also exhibit such regularity when viewed through traditional charting methods. There have indeed been some false breakouts during this period, but once a clear upward breakout with volume occurs, the trend becomes particularly clear. Personally, I feel that this wave of movement will continue to rise along with #BTC, and the later trends will be more inclined to resonate with Bitcoin. In other words, when Bitcoin has a small drop, STO remains flat; when Bitcoin has a small rise, STO surges. We can observe the trends in the future gradually; the large chips in the chip structure are still at the bottom. As long as the chip structure remains at a low level, the upward space won’t easily finish its task. We’ll see. 😉💪💪💪💪👀
风禾节
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Bearish
#STOUSDT Can you control your hands? 😂😂😂😂😂
I don't know why, but when I see these trending new coins, I just want to short them? I can't control my hands at all. This trend is completely different from the typical volatility of new coins; it is surprisingly converging. I haven't seen such a regular trend in a long time. Do you think it will go up or down? (Tip: Trading impulse is a human weakness! Before the breakout at the end of this converging triangle, it's advisable to mark key levels first and then decide the direction 🤔 You need to control the devilish impulse of "itchy hands" to open positions~)