I have observed that most people who encounter fraud or investment failures can often be attributed to two main reasons: one is impulsive investment without full understanding, and the other is uncontrollable greed.
In many fraud cases, scammers often use emotions, morals or social relationships to win trust, thereby weakening your rational analysis of things. They take advantage of human weaknesses and, after gaining trust, induce you to make quick decisions under pressure by creating a sense of urgency and stimulating your greed. In this process, your original judgment is blinded by trust and greed, and eventually leads to falling into the scam. Investment losses are often accompanied by similar psychological traps. Many people see others making money, and they envy and are eager to get rich quickly. As a result, they invest heavily without thinking, dreaming of getting rich overnight, but are often hit by market fluctuations, resulting in serious losses. Greed often makes people ignore potential risks, and ultimately leads to losses far exceeding expectations.
Therefore, the two key principles of investment and fraud prevention are: do not easily get involved in areas you don’t understand, always stay rational, and control your greed.
WIF has surged to 4.114, a whopping 39.84% gain! With strong bullish momentum, key support is at 3.639 and resistance at 4.830. Long entry: Above 4.120, targets are 4.500 and 4.800. Short entry: Below 3.600, target is 3.200. Stop loss: Stop loss is set at 3.800. If the bullish momentum continues, WIF shows strong potential for further gains. #超级MEME周期? #BTC冲破9万 #美国CPI公布后降息预期上升
The capital flow of the Solana chain is extremely active, and the market enthusiasm is high, especially for some memecoins with large market capitalization, such as LUCE, BAN and DOGE, whose prices have soared beyond expectations.
1. BTC rose by more than $9,000 in a single day yesterday, and then rose by more than $6,000, breaking through $90,000 for the first time and standing at $93,000, and then there was a pullback;
2. The ETH exchange rate continued to fall, becoming the leader among the top four currencies;
3. The activity of the Solana chain has soared, and the FOMO sentiment is strong. It is expected that the ATH (historical high) breakthrough is only a matter of time.
Sol also followed the big cake yesterday to make up for the rise, and continued to attack and rushed to around 225. Sol's recent increase is not very large, so there is still room for short-term gains. It was brought down by the big cake yesterday, so the market is likely to rise again in the future and continue to challenge yesterday's high point.
Current focus
225-230 short-term pressure 191-195 short-term support
In the cryptocurrency circle, 90% of people have experienced common traps. See how many of them you have fallen into?
1. Don't rush to buy the bottom because of a sharp drop. Waiting is often more important than blind action. Don't rush to enter the market, but analyze the market trend clearly first.
2. Don't be greedy when you make money, and cash in profits in time. Greed often leads to final losses. Remember, it is a smart choice to stop profit in time.
3. Don't be discouraged when you lose money, and adjust your strategy in time. Giving up easily may miss opportunities. Adjust your mentality and strategy and prepare for the next opportunity.
4. Don't just think about making money in short-term operations. Long-term investment is sometimes safer. Frequent trading may lead to losses, and patiently holding excellent assets may be more rewarding.
5. Don't blindly follow the trend because a certain coin has performed well in the past. The market changes rapidly, and rational analysis and avoiding chasing ups and downs are wise choices.
6. Don't let emotions affect your trading decisions, stay calm. Emotional trading is prone to losses, and rational analysis and decision-making are more critical.
7. Don't just pursue overnight wealth. Cryptocurrency trading requires patience and strategy. Achieving wealth growth is a long-term process. It is more practical to be down-to-earth and operate steadily.
8. Don't put all your money on a single transaction. It is safer to diversify your investment. Avoid "putting all your eggs in one basket" and reduce risks by diversifying your investment.
9. Don't blindly increase your position when you lose money. Analyze the reasons before taking action. Find out the problem before covering your position. Don't just pursue return.
10. Success once does not mean that you have found a "universal method". The market is always full of uncertainty. Being flexible and constantly summarizing experience is the key to continuous profitability.
Cryptocurrency trading requires rationality and flexibility. Learn to draw lessons from past experience and try to avoid common mistakes. I wish you all steady profits in the market!
Dogecoin’s notable surge amid political and celebrity influence
Dogecoin (DOGE), the original meme coin, is experiencing a significant surge, rising more than 100% in a week. The surge is tied to Donald Trump’s recent victory and his association with Elon Musk, who has been an active voice in support of cryptocurrency policy. Musk’s appearance at Trump rallies and his hints at the idea of creating a “Department of Government Effectiveness” (D.O.G.E.) boosted Dogecoin’s rise, putting it in the spotlight of the crypto market.
The Trump-Musk alliance creates a unique positioning for Dogecoin, giving it an edge over other cryptocurrencies such as XRP. Trump’s pro-crypto stance and Musk’s influence in Washington attracted investor attention, driving the price of Dogecoin higher. This political and celebrity endorsement highlights the impact of external factors on cryptocurrency valuations.
Elon Musk’s role in Dogecoin’s rise is crucial. His public support and potential involvement in the Trump administration has kept Dogecoin in the spotlight. Musk’s impact on Dogecoin’s price has been well documented, and his increased political visibility has added further momentum, with just the mention of DOGE triggering a rally.
Dogecoin’s current rise reflects broader market sentiment and the power of political and celebrity influence. With Musk as an unofficial promoter and Trump’s pro-crypto policies, Dogecoin is expected to maintain its upward trajectory. While other meme coins are also rising, Dogecoin remains the leader, with speculators cautiously optimistic about its future.
Today, there are 4 projects worth watching on the sol chain:
1. banana: shared many times, I didn’t watch it after it quadrupled, but it turned into a big gold in the morning. The experience of Luce’s 35m and then breaking 100 million stabilized my confidence again. The IP of this project should be the most meme in the entire Musk system. It is estimated that it will grow milk, and it is also very similar to $ban, which is about to break 100 million. Let’s watch 50m first;
2. doge: The earliest doge on the sol chain, starting with GWEN, earlier FOM reached 2m, proving the potential of this project, archaeological concept, currently falling back a lot, you can consider waiting for the price to stabilize and buy a lottery ticket;
3. dtf: a meme supported by traditional financial practitioners, stable at 5m, I always think that overnight memes that can stabilize prices have potential, you can pay attention to it;
4. aika: a meme issued by an artist that the solana official follows , focusing on the concept of art + AI, focusing on the 2-3m support force, and this artist is still working very hard.
The price of MANTA/USDT has significantly increased, currently priced at $0.796. The BOLL(20, 2) band shows an upward trend, with the upper band at $0.913 and the lower band at $0.747. #比特币搜索热度攀升 #Mt.Gox地址动向 #DOGE看涨情绪飙升
ELF /USDT shows a positive trend, with the current price at $0.399 and a 24-hour high of $0.4104. The Bollinger Bands indicate a possible upward movement, with the upper band at 0.3976. In the past 24 hours, the trading volume of ELF was 19.99M and the trading volume of USDT was 7.76M.
BTC had a significant pullback last night, and then it regained some of the losses in the early morning. At this stage, the chips are basically starting to loosen up. There is a sharp disagreement between bulls and bears, and the second pullback is essentially a sign of the market makers pulling back to stop losses and aggressively shorting. I am not in a hurry to short for now, primarily because the chip distribution does not look good; after BTC reached a new high, most of the chips have changed hands between bulls and bears. Then, there might still be new highs to come. Next, if BTC reaches a new high, it will go above 90,000 points, and definitely, there will be a shorting opportunity above 90,000 points. If it goes above 100,000, then we should wait around 110,000 or 102,000 to short. To be honest, I am not very optimistic about reaching 100,000, although the space left is not much. 100,000 is an important psychological barrier, and many people are waiting for it to reach 100,000. If BTC reaches 100,000, then there really is no upper limit.
Market participants are facing a common question: Should we enter the market?
Currently, there is a prevalent contradictory mindset: fearing to miss out by not entering, while also fearing a pullback if we do. Meanwhile, institutions are continuously increasing their holdings, as they need to accumulate enough chips. Once institutions start to act, shouldn't we follow? Should we wait until they drive prices up, only to be thrown out by market fluctuations? This would mean being led by the institutions. We must shift this mindset; some people would rather miss opportunities than risk losing their principal.
Because as long as the principal is safe, new opportunities will always arise; once the principal is damaged, there is no opportunity to speak of. Therefore, amidst the market hype, we should remain vigilant. The market cannot only rise without falling; any trend will ultimately face a pullback, and pullbacks are meant to allow more capital to enter.
Only with sufficient market liquidity can larger gains be supported. Currently, the market is most lacking in liquidity. Therefore, despite the market's volatility, we cannot stand by idly, but should be prepared to seize opportunities.
BOME is moving towards the target of $0.047, and technical indicators show a positive outlook. Support from SHIB and FLOKI has strengthened this trend, and the increase in trading volume has also played a role in driving it.
The market often runs counter to human nature, making it difficult for many retail investors and beginners to experience a true empty position. They tend to operate fully invested when trading spot and want to frequently open positions when trading contracts. However, a wise trading strategy should include a clear profit plan: for example, setting a weekly profit target of 5%, a monthly target of 10%, and a quarterly target of 15%. Once these targets are reached, trading should stop, and one should patiently wait for the next opportunity.
Beginners and retail investors may wonder, since they have started making profits, why not continue trading? Their initial intention of entering the cryptocurrency market was to make money and to continuously earn profits. They believe they should make as much money as possible during a bull market rather than in a bear market. But ultimately, they often end up giving back profits or even incurring losses due to a lack of self-discipline and a reasonable exit strategy. Therefore, setting reasonable profit targets and exiting the market at the right time is crucial for protecting investment returns.
Ethereum whale sells over 59,739 ETH during recent price surge
In the wake of Ethereum's recent price spike, briefly breaking the $3,200 mark, a massive whale has returned to sell its holdings of ETH tokens, holding 398,891 ETH tokens valued at $1.28 billion. This whale recently exchanged 46,853 ETH tokens at an average price of $2,920, gaining 138.8 million USDC since November 7. Recently, this whale transferred another batch of 12,886 ETH tokens valued at $412.4 million in preparation for sale. This whale continues to hold 352,036 ETH tokens valued at $1.27 billion.
KNC has significantly risen by 15.38% in the past 24 hours, reaching a peak of 0.5484. The BOLL(20,2) indicator shows potential for an upward trend, with the upper band at 0.5293.