1. Current Recommended Direction Ripple announced the expansion of its stablecoin RLUSD to Layer 2 networks such as Base and Optimism via the Wormhole protocol. In the short term, this multi-chain expansion is expected to catalyze a price surge. It is recommended to tentatively long, focusing on buying opportunities after the initial surge and being wary of the risk of overextending the initial price. 2. Position and Risk Management Recommendations: It is recommended to enter the market with a light position, with the initial position controlled within 30% of the total position. Gradually increase the position after confirming that the pullback has stabilized. The stop-loss level is recommended to be set below the major support level. Strictly implement the stop-loss to prevent a sudden reversal of bullish sentiment. Pay attention to the Bank of Japan's interest rate hike on December 19 and the US non-farm payroll data as key time nodes. The operation rhythm needs to be adjusted flexibly. 3. Suitable for a stable short-to-medium term trading style, focusing on trend following the benefits of multi-chain expansion and Layer 2 ecosystem; with clear catalysts, non-farm payrolls and the Bank of Japan's interest rate hike are risk events, it is recommended to enter and exit quickly, avoid being attached to one-sided market trends, take advantage of pullback windows to buy on dips, and remain vigilant against volatility caused by sudden changes in liquidity.
RLUSD: Summary of discussions in Orange's muted group (daily market analysis) (11:00:06 ~ 12:00:06)
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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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