$SUI has always wanted to drop, but the market makers have too much protective capital and have been supporting the market to prevent it from falling. If it can't be held, this position can at least see a drop of 3 dollars.
These three meme coins are the ones I have been paying attention to. Among them, GOAT has the best rebound resilience, and it's rarely mentioned in the domestic market.
ACT speaks for itself; you can see many people hyping it on Twitter. The popularity and traffic are always there, but it just can't outperform GOAT.
PNUT had the weakest rebound after this drop. I personally feel it hasn't adjusted properly yet, so I didn't buy in.
When I saw GOAT today, I thought it would rebound to the $1 position, and it has already surpassed that. Now let's see if it will push to $1.2, the coin with the strongest rebound resilience after the drop.
ACT has also been calling for a rebound in the group; the extent isn't very high, so I'm still waiting for a bit more.
Due to the high popularity of these three coins, all funding rates have been adjusted to collect every 4 hours.
$TURBO fell above the 4-hour support. It is still cost-effective to open a long position at this position. I opened a long position with a light position. It rebounded quickly on the daily support. I personally think there will be a rebound upwards. Stop loss 75
$Goat is about to reach the $1 position. If it breaks through, it will continue to index up to the $1.2 position.
To be honest, Binance has secretly adjusted the funding rate for GOAT to be collected every 4 hours, 6 times a day, and this has been ongoing for a week now. Those who are long are about to be killed by the funding rate.
When it reached one hundred thousand dollars, looking at the counterfeit in hand still trapped by thirty points, you mixed feelings shared the news from the Financial Association about Bitcoin breaking one hundred thousand dollars. Your friends and family all liked your post, saying that you entered the market early and must have made a fortune. With tears in your eyes, you choked out a reply: Not much profit, just a small gain.
Is there still an altcoin season in this bull market?
I believe this is the biggest question in the minds of most friends during this bull market. Bitcoin is approaching 【6 digits per coin】, yet altcoins are still in a downward spiral. However, there are very few of us retail investors holding Bitcoin. Whether we are holding valuable coins or MEME coins, every day we just keep getting hit. The way this bull market is unfolding is significantly more challenging compared to the past; the days of garbage coins skyrocketing and easy money making seem to have left us for too long. In such a fragmented market, if one does not have a complete investment thinking framework, it is very easy to be influenced by market emotions, thus falling into a state of confusion, self-doubt, and making impulsive trades.
$GOAT has fallen 28% from yesterday's high of 1.2, you can take full profits now.
The short position volume has started to rise, and the downward washout has reached a level that will rebound in the short term. 1 dollar is a key resistance level.
$SUI It really seems like my prediction has come true
There has been a divergence between price and volume for a while, retail investors shorting have been forced to stop loss or get liquidated, completing a new round of chip replacement
Now SUI has turned into a negative fee rate, and there are still quite a few people shorting, if this wave cannot be recovered, we might see SUI below $3
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$SUI seems to be showing signs of a downward pullback, the volume on the 4-hour chart has started to shrink, and I see that not many people are calling for SUI. Who is buying all the way up? The market maker can't be stepping on their own toes, can they? If that's the case, it's only a matter of time before it bubbles.
$ACT went long near 0.55 yesterday, betting on an upward rebound. After waiting all day, I finally saw $BTC rise while altcoins continued to fall, ultimately taking a small loss of 2%. Thankfully, I exited quickly; if I had held until now, it would have been numbing.
In such a blood-sucking market, those going long on altcoins must set stop-losses appropriately. Funds are completely not entering altcoins, all buying BTC, and not even looking at ETH; altcoin funds are continuously being withdrawn.
$ACT dropped below the 4-hour support and has been falling ever since, with two more support levels below at 0.45-0.4. Most of the selling is panic selling from retail investors, and those stuck at high prices are still holding on, unwilling to sell during the downturn, forced into a long position from a short-term trade.
$SUI seems to be showing signs of a downward pullback, the volume on the 4-hour chart has started to shrink, and I see that not many people are calling for SUI. Who is buying all the way up? The market maker can't be stepping on their own toes, can they? If that's the case, it's only a matter of time before it bubbles.
Usually wake up in the afternoon, after waking up, open the computer and the trading software Take a look at that damn K-line for 2 seconds, good, that's it, I'm trapped again.
Then open the desktop version of Douyin and order takeout. Douyin plays a movie clip commentary video, while showing off food and watching "Pay attention to... Little Handsome and Little Sister..." or "Episode x of the Forging Knife Competition..."
After eating, open the mobile version of Douyin and start scrolling through beautiful women. Hmm... this one is good, this one is good, bang bang, this one is exciting.
Later still felt not quite right, casually opened X Started watching the penguin teacher and the teachers they recommended. Left hand scrolling up and down, isn't that clever? Right hand going up and down as well, and then took off 🛫 !
What follows is Rationality +999, Calmness +999, Mindset +999 Directly activated King of Trading mode, starting to go all in!
$ADA Japan Ethereum, the daily level has been continuously increasing in volume. Since March, it has been adjusted downwards for 8 months and pulled back completely in just 15 days, a clear reversal.
Buy it on the pullback. I still remember when the last bull market started, ADA was the first to take off, even faster than $BTC.
$SUI has not retraced since breaking the new high of 2.4, steadily rising in small steps. The key is the amount unlocked, the TVL has not seen a significant increase, and there hasn't been any outflow of funds on-chain. Why is it so strong?
$ACT small level support is in place, so I opened a long order to bet on a rebound.
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$ACT 4 hours is a critical support level. If it breaks, we will need to look down for prices around 0.45-0.4. As I mentioned, the early profit-taking is nearly done, and the rest are retail investors trapped at high positions.
$GOAT is still falling. It has dropped 7% since I shorted it at 1.2 this morning. The current situation is that funds are fleeing the Meme sector very seriously, making it the top choice for shorting. Friends in the internal group are having a blast.
$ACT 4 hours is a critical support level. If it breaks, we will need to look down for prices around 0.45-0.4. As I mentioned, the early profit-taking is nearly done, and the rest are retail investors trapped at high positions.
$GOAT shorted 1.2 with friends, now making a small profit. When shorting hot coins, you have to run fast, take a quick profit and run. Previously, it looked like $GOAT was about to break the 1 mark, but it was propped up by foreign traders. Short position ~ take profits at any time.
$BTC broke out to a new high of 93905 early in the morning, quickly dropping after the triangular volatility broke upwards. This position is very likely to follow the second scenario I mentioned, making a new high after inducing bulls to enter and then dropping.
In the short term, there are small supports at 91400 and 90500. When it rose early in the morning, most altcoins did not follow the increase, with only a few strong ones rising together.
Personally, I think there is no need for large funds to engage in the tail-end market. With $BTC rising and altcoins falling, now is the time to buy $BTC; the price is too high, just a step away from 100,000. Buying altcoins is not advisable as they continue to decline, not following the market's rise. Even if they rise, they quickly drop back, creating a difficult situation.
Currently, just focus on the stronger coins to make some trades.
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$BTC dropped to a price of 89000 yesterday before the US stock market opened and quickly rebounded to a high of 92594. While the price rose yesterday, altcoins have already stopped following the trend upwards, and the previously strong Meme sector has also shown signs of weakness.
$BTC is currently maintaining a high-level triangular consolidation, and the bulls and bears are about to choose a direction. Here are two plans:
1. If the market continues to consolidate and digest profit-taking, after a rotation of altcoins, funds will return to BTC, reopening the mode of BTC absorbing funds while other coins drop, and only I rise.
2. After BTC makes a new high while clearing out shorts and luring in bulls, it starts to drop, possibly back to around the previous level of 86000.
Personally, I am leaning towards the second scenario.