How to find coins that will explode and build positions early
#大盘的下一步? Although I have been selling at high prices these two days, you can see that my entry cost is very low, and most of them have exploded. Someone asked me on Twitter how to find explosively-expanding coins like #drift #Swell and build positions early. I think it is better to share the money with others than to make money by myself, so I wrote this article.
First, let me tell you how I found this coin. In fact, the method of finding it is very simple. Just open (https://www.coinglass.com/zh/FundingRate) and you can see the funding rates of various exchanges.
Because we are looking for explosive coins, it is best to find coins with negative funding rates. Here is a brief explanation of why we need to find coins with negative funding rates. Funding rates exist to eliminate the difference between spot and contract prices. Negative funding rates mean that the contract price is lower than the spot price. Simply put, negative funding rates are a punishment for shorts and a reward for longs.
It took off and doubled. Let's see if the weekly line can close above 1.85 to confirm the breakthrough.
If someone really understands the content of my pinned article on how to find the explosive currency, then they will find that it is more than -1% of the fee rate. I hope someone has caught it.
1. As of 8:00 on November 13, Bitcoin price was $87,952
2. Ethereum related:
1. As of 8:00 on November 13, Ethereum was quoted at $3,243.79
3. On-chain data:
1. The total market value of cryptocurrencies exceeds $3 trillion
According to Coingecko data, as the price of Bitcoin rises, the total market value of cryptocurrencies has exceeded US$3 trillion, reaching US$3,000,204,783,320 at the time of writing, up 3.4% in the past 24 hours. Among them, the market value of Bitcoin is US$1,675,331,371,513, accounting for approximately 55.8% of the market value; the market value of Ethereum is US$391,906,251,303, accounting for approximately 13.1% of the market value.
Some friends asked me about my opinion on Doggo. I will just show you the chart! Note that this is the weekly chart! This is the weekly chart! Doggo has already broken through the accumulation area and is currently in the main uptrend. If the weekly level can close above the 0.375 area, Doggo will continue to take off!
Recently, Ton Ecosystem has been rising very well. DOGS NOT has been pulling the market, so I took a look at Ton
It is still in the box oscillation. It rebounded after touching the lower edge of the box. According to the current volume and momentum, it is not a problem to break through the resistance position of 6 knives
1. As of 8:00 on November 12, Bitcoin price was $88,648
2. Ethereum related:
1. As of 8:00 on November 12, Ethereum was quoted at $3,371.59 3. Other contents: 1. A trader made a profit of $4.77 million through ACT trading in 18 days
According to Lookonchain monitoring, a trader made $4.77 million by trading ACT in 18 days. From October 25 to November 3, the trader spent 2,658 SOL (457,000 US dollars) to buy 17.16 million ACT. After Binance announced the listing of ACT, he sold 9.33 million ACT and obtained 11,945 SOL (2.48 million US dollars), realizing partial profit. Currently, there are 7.83 million ACT (worth 2.74 million US dollars) remaining, with a total profit of 4.77 million US dollars.
I want to create a new column to summarize some of the highlights of the previous day. It will include Bitcoin, Ethereum, on-chain data and some financing information to help everyone understand what is happening every day. I will post one today to test the waters. #牛回速归,晒晒你的持仓?
The wolf who achieved a hundredfold return from $1000 announced his retirement on November 10th. I wonder how many people were early on watching the wolf succeed. Although his coin trading has now closed, I saved some screenshots before and studied his trading logic. I won't say I fully understood it, but I have grasped about 30-40% of his thought process. Everyone, please like and follow, I will write an article this week to review the wolf's trading ideas for everyone to learn together! #DOGE看涨情绪飙升 #牛回速归,晒晒你的持仓?
The current price is around 5.25, which is also the resistance position of the four-hour level, and the RSI is already overbought. My personal suggestion is to wait for a wave of retracement before entering the market. The stop profit position can be placed around 5.83
From the daily chart perspective, PEPE is still within a range with resistance near the 13 area above. However, it is still uncertain whether it can break through smoothly, as the trading volume is shrinking, and the ADX has not shown a clear bullish trend. My personal suggestion is to wait a bit longer.
SUI has reached a new high. Looking at Fibonacci, the first take-profit point is around 3.265. Currently, we are a little short of reaching the first take-profit point. Let's see if it can reach that by 8 PM tomorrow.
Looking at the four-hour level, it has currently reached the resistance zone near 1.16. From the volume perspective, there has not yet been a significant breakout. However, the trend is already bullish. My personal suggestion is to wait for a volume breakout above the 1.16 zone and then enter long on a pullback.
Now there is a somewhat awkward situation: Trump has two months left until he takes office. This window period is neither too long nor too short. The market will either stay flat at this position until Trump takes office and starts implementing various substantive policies before making adjustments and changes, or after a while, people's enthusiasm may wane, profit-taking may lead to a drop first, and then we will see how things go after he takes office. Of course, there is also an extreme possibility that it will keep rising until Trump takes office. 🤣 I am pondering what strategy to use to get through this period and what important signals and indicators to pay attention to. What do you all think, teachers?
After the analysis of number 7, it started to surge with an increase of over 10 points. Currently, let's see if the position at 0.3855 can turn resistance into support. A large bullish candlestick needs a pullback to confirm the breakout, so I do not recommend chasing the rise here.
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Market analysis: $POL
MATIC has been falling since it was renamed $POL . It has rebounded slightly in the past two days. From the market point of view, the 362 area has formed an obvious resistance position. The current rebound is close to the large downward trend line.
My personal opinion is that the RSI is now overbought and the volume has increased. After the market breaks the new high, it is likely to fall back to the support. POL will also follow the market to fall back. The position can always keep an eye on the downward trend line.
After fluctuating in the 0.19 area for a period of time, it chose to settle upwards, reaching a high of around 0.213.
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Market analysis: $DOGE
Market analysis posted a few days ago. DOGE has been rising since the close, confirming the breakthrough. Let’s follow up and analyze it.
From the 1-hour line, there is an interesting situation in the 0.19 area. Several shadows are inserted in this area. Long and short positions are playing a game at 0.19. Let’s take a look at the liquidation map. There is a lot of short liquidity at 0.215 and a lot of long liquidity at 0.183. Let’s see which side will be liquidated first.
Market analysis posted a few days ago. DOGE has been rising since the close, confirming the breakthrough. Let’s follow up and analyze it.
From the 1-hour line, there is an interesting situation in the 0.19 area. Several shadows are inserted in this area. Long and short positions are playing a game at 0.19. Let’s take a look at the liquidation map. There is a lot of short liquidity at 0.215 and a lot of long liquidity at 0.183. Let’s see which side will be liquidated first.
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Market analysis: $DOGE
From the one-hour level, DOGE has just broken through the downward channel and formed a small resistance area in the 0.156 area. There are multiple pin-point phenomena above the area. The long-short game at this position is more intense. ADX has just passed 25.
My personal suggestion is to wait for the hourly level to confirm the breakthrough of resistance and then wait for the resistance to fall back before entering the market