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BTC shows a W-bottom pattern + ETH consolidates! Shorting windows are open for ICNT and ACT, plus Binance Life and KAITO avoidance guides. Are you sure you don't want to check out these market strategies?

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BTC's short-term chart has shown signs of bottoming out, resembling a W-bottom pattern. The support level of 85,000-86,000 seems quite reliable, having held above this level several times. Therefore, a long position can be entered now at 86,000-86,800 to profit from the rebound. The first target for the rebound is 88,000, and the second target is 90,000. However, it's important to note that the overall trend is still downward. My plan is to profit from this rebound first, and then short once the price reaches the target levels.
ETH has been somewhat weak recently, but judging from the candlestick pattern, after the short-term consolidation, there's a high probability of a short-term rally to lure in more buyers. Short now is not worthwhile; instead, consider long around 2800-2830 to profit from the rebound. The initial upside target is the 2930-2960 range. Once it reaches this level, close the long position and short short.
Looking at the 4-hour chart, the price action over the past few days has followed a similar pattern: a sharp drop followed by a volatile rebound, then another decline. Currently, there's another accelerated drop in the short term, and the smaller timeframe indicators need time to digest it. A direct rebound would be ideal; I'll advise exiting long positions once the rebound reaches its target. For now, this is the strategy: long from the swing, and then short to short positions once it rises.

Everyone says the market hasn't been fun lately, so I'll summarize the strategies and reasons:

This is how everyone plays now.

  1. The main strategy is to leverage small investments for big returns . When the market is down, you have to use your resources sparingly and not waste them.
  2. For those using alpha strategies with contracts, it's essential to calculate the odds before following up, and to specifically target assets with high trading volume. When encountering sudden price spikes, pre-calculate the stop-loss range for smoother trading.
  3. The BSC blockchain remains unchanged. Given the current market downturn, I'm not particularly optimistic about Binance Life. It's too difficult for large investors to collectively pump the price. However, if Bitcoin drops again, I'll look for an entry point to buy some. For other cryptocurrencies, I'll only trade low-market-cap coins, either opening contracts or buying spot.
  4. Abandon KAITO-related projects and don't put your investment money on the blockchain—if the bull market really comes, the biggest fear is encountering project teams running away with your money.
  5. Keep a close eye on the news feed , quickly analyze the market capitalization of the corresponding cryptocurrency after seeing the news, judge the degree of positive or negative impact, and then make a decisive decision.

Timeline

In late December, I will gradually enter the market to select projects, either those that can yield high returns or those that are suitable for profiting from rebounds. At the same time, I will also buy the dips, waiting for the market trend in the first quarter of next year.

Note : Strategies will be adjusted according to market conditions. The core premise of operation is that a high safety factor and a favorable odds will be taken before taking action.

Contract password:

ICNT: The price action clearly indicates a need for a pullback. Consider shorting for a short-term opportunity. I suggest using 10x leverage with a small position. Open a short position around the current price of 0.4315. Don't set stop-loss and take-profit levels yet; wait for my instructions. If you feel that low leverage won't withstand volatility, you can set a 15-point stop-loss first. Important reminder : Manage your position size carefully; don't over-leverage!

ACT: It also looks like it's trending downwards, so you could try shorting it!

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 confident you are, 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: 2499660658 ( Add me with a note, and I'll add you to our learning and discussion group).

Sector:
Halving Tokens
Layer 1
Smart Contracts
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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