Personal Thoughts
Yesterday I mentioned that we could short near 100k with proper stop-losses to test the waters, and the direct breakthrough was indeed unexpected. However, after hovering down there for so long, it’s time to gain some confidence back.
The second coin isn’t as strong as the first, but the first coin is currently oscillating between 101,000 and 103,000. When the first coin is oscillating, it’s the time for the second coin to gather strength. The cost-performance ratio of going long on the second coin during a pullback is still very high. I used to think that a breakthrough of 100k for the first coin meant that the downward trend was about to end, but from a four-hour perspective, after a strong bullish candle successfully broke through, the subsequent upward trend couldn’t continue. Overall, it’s still good; the breakout has happened, and we’ll see if it can stabilize above 100k. It remains to be seen, but this week we will primarily focus on going long.
The chart I drew before has expired without being sent out 🥶
