#BTC上攻11万？
Exclusive Strategy: How to seize the opportunity of $MOVE breaking through 1.4?
Today I chatted with my friends in the organization about $MOVE.
Right now it looks like it's forming a cup and handle pattern. According to technical analysis methods, we can estimate its target price roughly by the height from the bottom of the cup to the top of the cup, about a 1:1 ratio, which could be around 2.2.
Whether it can really reach that depends on whether the market is strong enough. Technical analysis is like guessing what’s in someone else's pocket; we need to be conservative and not too impulsive.
My current strategy is to first see if it can break through the 1.4 level. If it can't break through, I'll wait for it to pull back before entering the market. If it does break through, I'll look for signals on when to sell, being careful not to be too greedy and retreating in batches before it hits 2.
Recently, the market seems to be warming up a bit, with $BTC still stuck around 98000, and trading volume has decreased somewhat. There might be another wave of decline coming to clear all the leverage.
Let's be conservative and wait; in spot trading, patience is key, and try to stir things up as little as possible.
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