#BTC上攻11万？
Exclusive Strategy: How to seize the opportunity of $MOVE breaking through 1.4?
Today I chatted with my colleagues in the organization about $MOVE.
Right now it looks like it is forming a cup and handle pattern. According to technical analysis, we can estimate its target price by taking the height from the bottom of the cup to the top, roughly guessing it to be around 2.2 at a 1:1 ratio.
Whether it can really reach that depends on whether the market is strong enough. Technical analysis is like guessing what’s in someone else's pocket; we need to be cautious and not too impulsive.
My current strategy is to first see if it can break through the 1.4 level. If it can’t break through, I will wait for a pullback before entering the market. If it breaks through, I will look for signals indicating when to sell; we shouldn't be too greedy and can retreat in batches before it hits 2.
Recently, the market seems to be showing some signs of warming up. $BTC is still stuck around 98000, and trading volume has decreased a bit. There might be another wave of decline coming soon to clear out the leverage.
Be conservative and wait; patience is required in spot trading, and try to minimize unnecessary actions.
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