12.15:Weekend Market Overview:
SOL main chain is sluggish, which has also led to a continuous decline in MEME on-chain, with WIF experiencing the most severe pullback; WIF has pulled back from 4 directly to 2.57, a deep pullback of 63%, approaching the golden 618 position; if you bought in at the right side high position, it can be a bit uncomfortable, the fluctuations are too large for most people to accept, but that's how a bull market works.
A pullback is the best opportunity to buy the dip in the spot market. Last time I entered my initial position at 3.008 and added at 2.5, but now it’s still at 2.7. If there are no unexpected surprises, tonight should be an excellent opportunity to add around 2.5; this round of Bitcoin is consolidating at high levels, draining capital from altcoins, with MEME being the most affected. However, after Trump's victory, it was also MEME that first led the wealth effect, so a pullback is the best time to enter the spot market, and then we continue to wait for the next round of MEME to kick off; enter the initial position at market price, add at 2.5.
If 4H holds at 2.7, it can be seen as a standard bat pattern, with the final D point landing at 3.846, going short at D point, defending at 4.02, T1 target at 3.357, T2 target at 3.054, the risk-reward ratio is still quite ideal, reaching around 1:1.5 and 1:5.
If the D point extends to a landing at 4.9, it can be seen as a crab pattern, this is just one target; combining the analysis of two patterns, WIF is definitely bullish, so the current pullback gives us an excellent opportunity to add positions, missing it may not provide another chance.
The above information is for market analysis only and not for trading reference; follow me so you don’t get lost, I will provide you with the latest news and point analysis every day, as well as the wealth codes you want. Remember to like and follow!