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Doge is a case that is very worth reviewing multiple times, Returning to the range in early May, if it were a trend resonance market, Mainstream coins like SOL and DOGE would have long since broken through the AR position, Instead of encountering AR and a large supply appearing. The only mistake in this round was the lack of imagination regarding BTC's purchasing power, Apart from BTC, there are few assets that have broken through the high points of early March. Whether it can develop into a large structural accumulation remains to be seen, But I am hopeful returning to the vicinity of the starting point.
Now the emotional aspect has reached its peak, both bears and bulls are arguing, the sentiment in various groups has also been tormented by the market to the point of collapse, a major estimate is not far off, I don't know whether it will go up or down, just waiting for a direction.
Before the trend arrives, there must be a pullback structure for the SOS. If there is no pullback structure, it is not a trend, it is a trap. If there is no pullback structure here, then the probability of distribution is even greater. In short: when a pullback structure appears, go all in on buying; without a structure, be cautious about buying. Let the bullets fly for a while, and we'll look back for verification later~
Looking at the full cycle structure of SOL is relatively clear, Don't be anxious, just hit hard at key positions, Do not participate in garbage positions.
Here, following orders without breaking the structure, whether going long or short, will get you hit. Wait to choose a direction, reducing wear and tear.
Stick to structure and strategy; the market has been moving according to the live broadcast for half a month. So I will execute based on the established plan. If your logic has been correct all the way, there is no need to overturn the logic, just follow the logic and act accordingly. If the structure deviates from the logic, then review the key price and volume behavior at the critical positions based on the previous logic and structure, and formulate a new strategy, calculate the stop loss, and leave the rest to time.
I can't see the market that far ahead, I also don't know if this year is going to be a deep 🐻, Take it one step at a time, the range structure here isn't complete, How would I know if it's a bear or a bull, Take it one step at a time, look at 🐻, should I not trade during this wave of rise? Predicting is the most foolish thing, trading based on predictions isn't just foolish, it's stupid.
GM After 8.5 in August 2024, the second test at 9.5 and 10.5 LPS, I firmly believe this is another accumulation. In March-April 2025, I am 99.9% certain it will be another distribution, this is LPSY. Let the bullets fly for a while, in another half month, you will know what another distribution is.
If you think this is a bull market, then what kind of bull is it after accumulating for another 38 days? The 519 giant also accumulated for 62 days, where can the price of this bull go?
I basically don't short altcoins anymore, The reason is simple, the risk-reward ratio is too poor, You can't take large positions in altcoins, shorting 5%, if it drops 50%, you only earn 2.5%, But altcoins occasionally have a bounce, and your position can easily get hit, Not to mention the group of cars shorting altcoins, it's basically like showing a card to the main force, Of course, if you say you have more than 50% position shorting altcoins, Then you are truly a warrior, with profit and loss coming from the same source~ This round of big results is basically all thanks to B S, It's rare to see big results achieved through trading altcoins.