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The biggest opportunity in this wave of crash should be Doge. I will enter here!
Doge has pulled back from 0.48 to 0.34, a 30% retracement, and the coin price has consolidated sufficiently. The 0.33-0.35 range is also the 0.618 golden ratio support level for Doge's retracement. I think this is an opportunity because in a month, Musk will take over the White House, and there is an 80% chance that Doge will soar.
Additionally, I want to diss Powell here. This old guy is really overindulged, saying he doesn't support Bitcoin, which caused a major upheaval, causing our Ethereum longs to hit stop-losses. I haven't tasted the flavor of stop-loss in a long time, and I really thank you!
Currently, there are very large buy orders around 3420 to 3520 for ETH, providing strong support. So I will buy some ETH on dips, of course, I won't use high leverage for left-side bottom fishing, just a safe 2x leverage will suffice. With 2x leverage, a 50% drop would cause liquidation, but ETH won't drop to 1800, so it's risk-free. However, the returns are doubled. I will firmly hold my long-term position in ETH until the Prague upgrade in March next year, and no one can shake my faith.
Shu Qing has been in the crypto circle since 2017, and has seen all sorts of storms. A 10%-20% pullback after ETH doubles is really nothing. If you are anxious and can't sleep well, shouldn't you check if your leverage is too high?
I still tell newcomers the same thing: earn as much as your capital allows, don't be greedy for multiples just because your capital is small; it's easier to go to zero.
Doge has pulled back from 0.48 to 0.34, a 30% retracement, and the coin price has consolidated sufficiently. The 0.33-0.35 range is also the 0.618 golden ratio support level for Doge's retracement. I think this is an opportunity because in a month, Musk will take over the White House, and there is an 80% chance that Doge will soar.
Additionally, I want to diss Powell here. This old guy is really overindulged, saying he doesn't support Bitcoin, which caused a major upheaval, causing our Ethereum longs to hit stop-losses. I haven't tasted the flavor of stop-loss in a long time, and I really thank you!
Currently, there are very large buy orders around 3420 to 3520 for ETH, providing strong support. So I will buy some ETH on dips, of course, I won't use high leverage for left-side bottom fishing, just a safe 2x leverage will suffice. With 2x leverage, a 50% drop would cause liquidation, but ETH won't drop to 1800, so it's risk-free. However, the returns are doubled. I will firmly hold my long-term position in ETH until the Prague upgrade in March next year, and no one can shake my faith.
Shu Qing has been in the crypto circle since 2017, and has seen all sorts of storms. A 10%-20% pullback after ETH doubles is really nothing. If you are anxious and can't sleep well, shouldn't you check if your leverage is too high?
I still tell newcomers the same thing: earn as much as your capital allows, don't be greedy for multiples just because your capital is small; it's easier to go to zero.
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