As painful as Thanksgiving was, I am so happy now!!!
Musk supports the OPUS project invested by ACT, and both of them have soared. Today he retweeted the AI topic again, and ACT rose again. He is really a godlike man. CZ also continues to talk about AI, and the global trend is unstoppable.
Looking back at the bull market in 2021, Facebook was renamed Meta, and traditional funds poured in, giving rise to the rise of projects such as SAND. The AI sector is similar this time. I have always been optimistic about this direction and will increase my holdings in the near future and pay attention to the blockchain game sector.
Every big drop in the bull market is an opportunity to enter the market, but most retail investors prefer to chase the rise and sell the fall. For example, when ACT was 0.7-0.8, people asked every day if they could add positions. I said it was too high and waited for a correction. When it fell to 0.5-0.4, almost no one asked. It is difficult to see opportunities below ETH 3500 in the future. After Bitcoin fell slightly, Ethereum remained strong, and altcoins continued to rise. After getting through the first few months, now is the time for FOMO.
It is expected that the big cake may usher in a daily level correction in late December, so be careful! After the sideways consolidation of Yitai, it is still expected to rise. The subsequent pledge of Lihao and the expectation of the upgrade of the Potala Palace will drive the rise.
Pay attention to two key time points: before Christmas and around ETH 4500.
I studied the two coins ELIZA and LESTER on the chain and found that the main force was accumulating funds. The risk was relatively low. I invested 500U in each of them and controlled the risk myself.
These two coins are popular, have large traffic, attractive narratives and low market capitalization. Combined with the purchase after the big wash, there are obvious signs of major investors absorbing funds. Investing in such projects will either go to zero or soar. It is a high-risk and high-return bet, so there is no stop loss, and it depends entirely on market performance.
Let's continue to talk about Dogecoin, PNUT, XRP, and LTC
Although DOGE has a pullback, it has not fallen as deeply as expected, which means that its narrative logic has changed and it is no longer a simple meme coin. The reason is simple: Musk. If DOGE can continue to flatten out instead of falling, it may soon hit a new high. I originally planned to wait for the pullback, but now the probability of a deep pullback is low. It is indeed risky to go long at the current position, but I am bullish. My position is very low, less than 5%, because this is a bet on Musk's pattern, so everyone should be cautious when operating on their own.
XRP is performing strongly, but it has not risen to the right level yet. I will continue to add to my position when it pulls back. The narrative of XRP is related to ETFs, which had a market at the beginning of the year. Ripple will launch the stablecoin RLUSD on December 4, which may be one of the reasons for the recent strong rise, but the cashing out may lead to short selling, and the unlocking of 1 billion XRP on December 1 may trigger selling pressure, so be cautious.
$ACT $PNUT A few days ago, I suggested that everyone hold on. Those who bought the bottom have already made 50% profit, and those who arranged in batches also have good returns. Due to the high pressure of the daily line of 0.63, I chose to reduce my position by half. At the same time, considering that the monthly and weekly closings are approaching, I decided to lock in the profits first. This wave of rise was also greatly influenced by Musk's shouting, and the 50% increase is not surprising.
As for PNUT, continue to hold it, and those who have bought the dip have already gained about 14%. In the short term, 1.27 is the pressure level, and the support below is still around 1, waiting for a new round of funds to enter the market.
For LTC, the narrative of this old coin has gradually become outdated. Unless new funds intervene, it may gradually expose problems after the bull market ends and become a air coin.
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.
