The big cake has been up for 6 consecutive days. Everything is as expected. The script has been written long ago. According to the 4-hour chart made on September 11, it has reached our expected level of 61,000. Now the price is at the upper baseline resistance position of the upward channel at 60,500. At this time, long orders can be stopped first. Friends who don't want to short can wait and see. I have already started to arrange short orders. I have placed a 10x short order at 0.4 layers at 60,900 and a 0.6 layer at 64,500. The total position is controlled at 1 layer, and the stop loss is set at 65,300, which is near the high point of the previous round. This order plans to stop profit near 47,000.
It doesn’t really matter whether the market rebounds or reverses. The key is to think about a few questions:
If it is a reversal: Is the position large enough? If it is close to being empty or insufficient, how should I get on board and what is the appropriate position to intervene?
If it is just a rebound: In a market with repeated fluctuations, should you sell the low-priced chips in your hand?
Short-term operations are not friendly: Should we extend the time and space and choose a longer-term layout?
Next year's bull market target: If you plan to sell in the next year's bull market, many high-quality assets are already very cost-effective, so don't worry too much about short-term fluctuations. One year from now, asset prices will definitely be higher than they are now. As for how much they can rise, it depends on the target you choose.
Reasonable position management planning: Be clear about how much you want to earn in this round and how to roll over and adjust your positions, rather than just buying into any good project you see.
ADA: Ready to go, key resistance is coming
Cardano (ADA) price is close to breaking out of a five-month-old descending channel. Although two previous attempts failed, the market is currently showing potential for another breakout. Investors are paying attention to the key resistance level of $0.37. After breaking through, ADA may rise by 40%, with a target price of $0.51. This would mark a significant recovery from its lows and boost market confidence. If the breakout fails, ADA could retrace to the $0.34 support or even drop to $0.31, continuing the sideways trend and undermining bullish expectations.
Ondo Finance: Innovating the combination of traditional finance and blockchain
Ondo Finance breaks new ground by combining trusted financial methods with blockchain technology. They convert real-world assets into digital tokens that are easily accessible to anyone. This innovation enables more people to use high-end financial products. Ondo works with top partners such as BlackRock and uses Coinbase to ensure the safe management of assets. They adhere to the principles of openness and compliance to ease the public's trust in cryptocurrencies. Its product USDY is a stablecoin backed by solid assets such as US Treasuries.
Investing in Ondo means entering a secure, compliant financial platform with the potential to generate high-quality returns amidst the expected positive market trends.
Render Network: Pioneer in Distributed GPU Rendering
Render Network is an important player in the field of distributed GPU rendering, providing efficient and scalable solutions for digital creators. Through a peer-to-peer system, Render achieves speed and cost efficiency. At present, the market outlook for Render is optimistic.
For example, the RENDER token is currently trading at $5.30, up 3.01% in 24 hours. Year-to-date (YTD) it has recorded a 250% gain, outperforming 82% of the top 100 crypto assets and having 16 up days in the past month.
Sei Network: The ideal blockchain for DeFi applications
Sei Network (SEI) is designed for decentralized finance (DeFi) applications, with its ultra-fast transaction speed and low latency as its unique selling point. Its efficient order matching engine makes Sei Network particularly suitable for DeFi projects that need to process a large number of transactions quickly.
As the demand for DeFi infrastructure grows, Sei Network is expected to become an important player in this field by 2024, bringing strong competitiveness to established blockchains such as Ethereum.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
