THQ: Summary of discussions in Orange's muted group (Daily Market Analysis) (10:00:06 ~ 11:00:06)

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1. Current Recommended Direction - Coinbase's upcoming launch of Theoriq (THQ) spot trading suggests increased liquidity and attention in the short term, making it suitable for tentative position building. - There are no clear signals of "overextended gains" or "waiting for a pullback" in the market yet. It is recommended to buy on dips, paying attention to the buying strength in the initial opening phase. 2. Position and Risk Management Recommendations - It is recommended to enter with a small position, observe trading volume and price performance, and gradually add to the position after confirming the release of liquidity. - Stop-loss can be set below the first key support level to avoid the risk of chasing highs. The take-profit point should be dynamically adjusted after confirmation of short-term price increases. - Pay close attention to price fluctuations in the first 24 hours after launch. If a key resistance level is broken in the short term, consider adding to the position. 3. Suitable Trading Style - Suitable for aggressive short-term strategies, utilizing the short-term volatility and capital inflow brought by Coinbase's launch for quick in-and-out trades. - Holding this stock for the medium to long term is not recommended due to a lack of long-term fundamental catalysts and the high volatility in the initial launch phase, making a rapid pullback likely. - Pay close attention to trading volume and buy/sell orders on the launch day. Rebounds are opportunities to exit; avoid holding on for too long.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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