The 30-day moving average on the daily chart is acting as resistance, causing prices to be pushed down as soon as they reach short-term highs. This level is also being pressured by the EMA (Electronic Moving Average), creating double resistance, which is why many people are short here.
ETH hasn't shown weakness these past two days, and short positions were entered as planned. Yesterday, I suggested short around 2150, and it reached a high of 2167, hitting the target precisely. Now that the price has retraced, short positions have already yielded 70-80 points of profit. Those holding can take profits in stages or set a stop-loss at breakeven. Next, watch the support zone of 2015-2030, which is the previous low and should provide some support. As long as it doesn't break below this level, once a bottoming signal appears, you can close the short positions and long. I will update this if the market changes further.
$pippin: I've kept some long positions in Pippin, with a stop-loss set at breakeven. Even if the price dips, there's no need to panic. This first upward move was a false breakout, scaring away many who chased the rally and those who long at lower levels. However, the open interest remains high, indicating the upward trend isn't over yet, and there's a high probability of further consolidation in the short term. This coin has a high degree of market control; after the consolidation, a surge is likely. We can continue to wait for the breakout.
$ONT: Yesterday I said that if it stabilized above 0.10, it could reach 0.12-0.13, but it jumped straight to 0.135. The short-term rise was too rapid, and profit-takers took profits, causing a pullback. Currently, it's fluctuating in the 0.10-0.11 range. The support level of 0.098-0.10 held, and now it's rebounding. Pay attention to the resistance level above; if it fails to break through, consider short in the short term.
$BLUR: Yesterday, I advised everyone to place small short orders, which were successfully entered at the high of 0.0254. Now it has fallen to around 0.021, and the short orders are already profitable. The short-term downtrend is still intact. You can take profits in batches to lock in some gains. We are still bearish, with the next target at 0.018. We will then decide whether to exit the position once it reaches that level.
$STO: This price movement is very similar to the previous pump-and-dump scheme $SIREN, increasing eightfold in less than two days, a very strong move. This wave of short action has wiped out most short sellers. However, be aware that the tokens will unlock tomorrow, so it's possible this is a pump-and-dump scheme. After a period of accelerated upward movement, consider short. These types of coins usually fall back to their original levels after the initial surge. It's recommended to watch the 0.7-0.8 support level and strictly adhere to stop-loss and take-profit orders to guard against a pullback.
$Aster: The DEX just updated its rules, which is a real positive. The monthly token unlocking amount has been cut by 97%, from 78.4 million to 1.8-2.25 million. From now on, tokens will only be issued through staking, and unlocking will no longer be arbitrary. With less selling pressure and less severe inflation, holding for the long term is more stable. Previously, it was suffering from massive unlocking and price dumping, but now the fundamentals have clearly improved. At the current price of $0.67, it's worth paying close attention to.
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).
