【2024-12-19 PUNT Analysis】

This variety has recently attracted a lot of attention. From its recent trend, we can see that initially, this variety surged after Musk made a call to buy. After that, it has been fluctuating in the range of: 1.57822-0.95172, moving up and down. However, today’s decline was due to Powell's speech, which caused the market to plummet by 5%. Those weaker altcoins even dropped by around 10%.

Currently, if you want to enter this variety, you can wait for a rebound to the position of: 1.06751 before entering the market. After rebounding to the fluctuation area at 1.57822, you can enter a short position, and at 0.95172, you can enter a long position. You can only enter the market in this way within the fluctuation area for short-term trades. Although Musk is supporting it, it seems that most people are not buying in and do not have a positive outlook on this variety. We will continue to pay attention to suitable positions for entering the market.