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The risk of a breakout from the triangle pattern in BTC and ETH is increasing. Can SIGN break out of its own territory? Can GWEI reach a new high? Will A2Z's delisting allow for a smooth downtrend? And how can BSC's new meme avoid being trapped in a profit-taking trap?

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BTC is currently forming a symmetrical triangle pattern, indicating weakness and a potential death cross at a high level, suggesting a high probability of further downward movement. The key support level to watch is around 70,000; a break below this level would accelerate the decline.
ETH is also consolidating within a triangle pattern, and the price is approaching the lower edge. If it breaks below this level, it will likely fall rapidly; just wait and see if the market weakens.

There are 5 types of new meme dogs that you should absolutely not buy when playing with BSC:

  1. I don't buy anything recommended by accounts that aren't affiliated with Binance. BSC only recognizes Binance accounts; recommendations from others are useless. I focus on the two main Binance accounts and other Binance accounts.
  2. I won't buy anything over 200,000. There are few projects that can be successfully built up, the profits are not much, the risks are high, and the cost-effectiveness is too low.
  3. Don't buy if it's been online for more than an hour. These days it's all about quick in-and-out trades. If you don't make a profit after an hour, it's just a slow, steady decline. There's no need to gamble.
  4. Don't buy into a "zombie" stock that's been artificially inflated. A stock that's been artificially manipulated by speculators will rise quickly but fall even faster; all you'll see are high points, so don't take any chances.
  5. Don't buy stocks with too many "car heads" (market makers). GMGN has many verified "car heads" and KOLs (Key Opinion Leaders), and the big players only know how to profit from this, with internal competition among themselves. Don't become cannon fodder. SIGN's trend is quite strong. It had been fluctuating for a long time before, and most of the low-priced shares have been bought up. The holdings are highly concentrated, and the main players have a very stable control.
  6. It has been rising for a long time without any pullback, so the probability of a short-term sell-off or crash is very small.
  7. The daily chart shows an ascending wedge pattern, and it's currently retracing in the short term, soon reaching the support level.
  8. You can long around 0.052, add to your position at 0.05, and set a strict stop loss if it falls below 0.048-0.049. The upside target is above 0.07, which is worth trying for a rebound.

SIGN is showing strong momentum. After a long period of consolidation, most of the low-level shares have been accumulated, resulting in highly concentrated holdings and strong control by major players. It has been rising for a considerable time without a pullback, making a short-term sell-off or crash highly unlikely. The daily chart shows a rising wedge pattern, currently retracing to a support level. A long position can be long around 0.052, with additional positions added at 0.05. A strict stop-loss should be placed if it falls below 0.048-0.049, with an upside target above 0.07. This could be a worthwhile opportunity to profit from a potential rebound.

a2z delisted coin. 0.009 empty. Delisted at 5 PM.
Let's try a small position in GWEI futures! Open a long isolated margin and control the leverage. Play with a small position. The initial target is a new high of 0.06. After a correction, it will continue to rise. It looks like it's going to reach a new high!
The market is constantly changing, and specific entry and exit points should be determined based on real-time conditions. Follow the trend after a breakout! No matter how high your confidence level, please strictly adhere to your stop-loss and take-profit strategies! That's all for today! Follow me so you don't get lost! QQ: 2178747366, QQ: 3530882667 (Add me with a note, and I'll add you to our learning and discussion group).

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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