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I'm just using past experience to see that this kind of upward movement followed by a downward trend has happened to many coins.
My recent overnight trading strategy for altcoins follows the Trump listing on Upbit. The news drove the market up, but it then fell back to its starting point the same day, but didn't continue to fall. I believe there was clear sideways trading at the bottom, and the liquidity brought on by the event disappeared, with no new lows to reach. This should be a good sign. At that time, Trump was nearing his unlock, so there was an expectation of a pullback, so I bought the next morning, anticipating a 50% increase.
This time, the pattern is quite similar: selling followed a period of sideways trading, then positive sentiment drove a pullback. Key moving averages started selling, causing the market to fall back, but it didn't continue to fall. I thought it was quite good, so I bought some.
By the way, I don't accept ads below 10WU. Thank you.
Another thing to note: no advertiser wants an Asian influencer posting ads at 2 a.m. 🥹 I just enjoy gambling and sharing my betting opinions with you guys.
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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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