Brothers, this is incredible. The 618 coin price discount is on sale. The main point is cheap. There is no lowest price, only lower. Even the market value of Meme, which has always been strong, has fallen below 49 billion US dollars, with a daily decline of 14%. Among them: DOGE fell 8.9%; SHIB fell 11%; PEPE fell 10.4%; WIF fell 15.6%; FLOKI fell 13%.
The entire copycat sector is once again in a bloodbath. In the past, if the market makers wanted to crash the market, they had to make up a reason or borrow some bad news. But today, there is no reason or sign, and there is no bad news. They just crash the market like that!
If we have to find a reason for the decline, it would be the 618 shopping discount festival. Could it be that the dog dealers are also trying their Internet tricks?
Today, Bitcoin only fell 1%, but the altcoin plummeted 10%. There is no one in the entire altcoin that can fight back. The prices that had risen with great difficulty in the previous two months fell back in an instant. In the past 24 hours, the entire network had a liquidation of 464 million US dollars, including 403 million long orders and less than 60 million short orders. The number of people liquidated was as high as 180,000.
This will be the overall situation of copycats in the short term. Except for a few strong market makers that will have an outbreak, most of them will probably lie dormant and consolidate. The existing funds in the market are limited, and yet a large number of VC projects have emerged to suck blood, and they often go online with a market value of hundreds of millions. Even large domestic companies that have been operating for decades cannot withstand the day when they go online.
According to Tangren's judgment, this wave of decline has not yet reached the bottom. Dabing Yitai has not fallen much today. Even if the short-term market wants to bottom out, it will have to wait for Dabing to fall again.
However, the cost-effectiveness of the counterfeit chips has now emerged, and it is a good choice to gradually build a position at this time. The current price has basically returned to the low point in mid-April, and the decline will not be too large.
In yesterday’s article, Tangren shared with everyone that we are currently in the stage of washing out and accumulating strength. It is normal for the market to soar or plummet, but it is still far from the climax of the entire bull market. Therefore, it is more important than anything else to keep the chips in your hands.
Finally, back to the core, in the bull market, what to buy? How to buy? It is very important, but when to sell is more important. If you want to know more about the market interpretation and strategy, add a follow, find Tangren, and play in the crypto circle together.
Tangren interprets the market
Pie: In the morning, it was said that Pie would have a small rebound during the day, but it did not rebound to above 66,000. In the final analysis, the volume was too weak to continue the sustained rebound. The current market has not fallen to the bottom in the short term, and the rebound is too weak. The market will continue to wash down to find support. The upper pressure is 67,500 and the support is 63,800.
Auntie: There is no sign of rebound in the four-hour line of Ethereum. The trend during the day is consistent with what I said in the morning. After a rebound, it continues to fluctuate and pull back. The current market situation has not stabilized yet and still needs to find support downward. The market is still bearish. The upper pressure level is 3550 and the support level is 3300.
On the copycat side: It was another bloody day. The rebound during the day was very weak. New positions currently need to be opened with caution and controlled well. Cautious brothers can wait until the market becomes a little clearer before making any reminders. The sectors that can pay attention to are MEME and Yitai Ecology.
Tangren Talks Strategy
Since short-term strategies are time-sensitive and the market changes rapidly, many strategies cannot be shared with everyone in a timely manner. Therefore, you can read the introduction on the homepage of the article to find Tangren and send a message to receive it.
Yesterday, ENS reached the target profit position of 24 and temporarily left the market
Yesterday’s strategy around SOL 143 is still effective today.
The essence of Tangren's trading strategy: the first step is to determine the trading cycle, the second step is to confirm the trading direction, and the third step is to formulate a trading plan. The plan must clearly state: where to enter, why to enter, how much to enter, how to exit, where to exit, and why to exit?
What should you do if you get the market right? What should you do if you get it wrong? If you don’t understand the market, don’t give yourself problems.
Each of my plans includes three predetermined results: exit with a stop loss, exit with a breakeven, and exit with a profit. Regardless of the result, I will review and summarize the gains of this plan after the plan is completed.
