Here it comes.
Floki did not create a new high, but a double top. This wave of callback is close to the key neckline of 0.16. It looks a bit weak. If it can't hold up, it will go down to around 0.15. For example, it will be comfortable to reach 0.152, and we can get chips at a lower price.
Yesterday, Benqin let Floki enter the market near 0.16, and today it flew to 0.175. The short-term increase of 10% is still good, but I hope there will be a deeper accumulation of power to step back, so that we can also buy at the bottom, otherwise it will be hanging at a high level, and many people dare not increase their positions.
Pepe is the same, but it is stronger and created a new high of 0.12. It stopped falling perfectly near the 0.105 called yesterday, and continued to rise to nearly 0.12, an increase of 15%.
Those who haven't got on the train yet can still place a buy order at 0.105, but the perfect entry price in my mind is still around 0.1.
Because I said that the room for the increase from 0.12 to the previous high of 0.17 is only 40%, and the room for the increase from Sol150 to the previous high of 210 is also 40%. So the price-performance ratio of altcoins is very low now, and a deeper correction is needed to impress me again, otherwise I will definitely choose the more stable 2x XSol, right?
Of course, the current market is still on an upward trend, and my view remains unchanged. After the correction and consolidation of various coins in the past two weeks, the price of coins will continue to rise in October.