Based on the loan sector mentioned in my last article, my good brother [Good Attitude Has Future] asked me questions about another coin with loan attributes, #Blur . Its cost is 0.5 heavy position. Oh my god! I saw that this is not a coin that has broken the issue price?
In fact, for the meme sector in the cottage, April and May are very beautiful, but this coin is cut in half, and it has now broken the issue price by more than 50%! I want to talk about this coin! It does not constitute an investment advice! Only analyze its fundamentals and narrative analysis for reference by good brothers in need!
1. I paid attention to this year's Binance announcement and found that in the announcement of the removal of trading pairs on June 28, the blur-fdusd trading pair has been removed. This information discloses that the fdusd trading pair needs to be separated from its consideration as soon as possible, which is bearish, indicating that fdusd cannot determine its bottom support depth, which can prove that its break and continuous decline trend has become a foregone conclusion in the medium and large cycles. Before the non-active positive side appears, it cannot reverse its untrustworthy trend!
2. In the second quarter of this year, on June 5, 2024, the Binance staking current account project published an announcement:
"Binance Wednesday Financial Management Day: New Limited Time Event Don't Miss"
Blur opened a current account staking channel:
Real-time annualized rate of return (about 3%) 0.01 BLUR 800,000 BLUR
In one month, the total amount of 800,000 is 52,682. At that time, there were more than ten coins in that group of activities, and the total number of coins was limited to no more than 4, and the others were unlimited. Therefore, I judged that the project party had a plan for the development of the coin, and it was not time to cut losses and leave!
3. As shown in Figure 4, when I checked the inflow and outflow of the coin, I saw that the coin was publicly invested. The outrageous decline should have conspiracy theories and control theories in it. It is not just the cold expectations of the NFT market that have caused no hope!
To summarize $BLUR
Its current status is very bad, it is beyond the father! For the current status, my spot suggestions to my good brother [Good Attitude Has a Good Future] are as follows:
First: Move to the wallet, stop trading the coin, and wait for the closing of this month to decide the next step. The coin definitely has a bottom line and can be held for the long term;
Second: Limit the order at 0.3102 to reduce the position by 30%, and make up for it when it retreats sharply to lower the average price!
Third: Immediately reduce the total position by 20%, enter the combat state, and insist on using 20% of the funds to absorb intraday operations every day (not recommended)
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