This thing was mentioned over half a month ago, no need to look at news to trade coins, as long as the 1609 area does not break down, it will continue to go up. As long as there is an opportunity to reach here, be bold in buying. The vehicle is too heavy and moves slowly, which is normal. If you open a contract, you will be overwhelmed and pay daily funding fees until you cough up blood. The weekly chart is close to three consecutive bullish candles.

The removal of the inscription section from WEB3 wallets is definitely a blow to retail investors' confidence. However, for us traders, we shouldn't be swayed by news, as the actions of the big players are reflected in the market. I'm sure many who bought this have been trapped or have cut their losses. Let's take a look at the daily chart; it has been oscillating in the range of 1641 to 4005 for over 200 days. What does this mean? This coin is very heavy because there are too many people with a bizarre belief in this inscription. The main force needs enough chips. Pay attention to the high and low points on the daily chart, which are gradually decreasing. It is possible that it will form a bullish flag structure. This coin is just like A-shares, slowly cutting losses with an extremely long consolidation period. There was also a false breakdown earlier. From the chart, as long as there is no real drop below 1641, my suggestion is only to continue holding. Only if it drops below this level should one consider exiting, and even then it’s necessary to see if it can recover. Only when it breaks the downward trend line on the daily chart should we consider a trend reversal.