STEP: Summary of Orange's Mute Group (Daily Market Analysis) Community Discussion (09:00:09 ~ 10:00:09)

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1. Current Recommended Direction STEP's price plummeted by 80% due to a $27 million theft from its vault, causing extreme short-term panic. Long is strongly discouraged. Market sentiment is extremely fearful, and there is a risk of "overextending" the rally. It is advisable to remain on the sidelines for now and wait for a clear sign of a bottom before considering any tentative positions. 2. Position and Risk Management Recommendations: We suggest starting with a small position, strictly controlling risk, setting strict stop-loss orders, and being wary of further declines. Given the sharp drop in STEP prices, gradually adding to positions carries significant risk. It is advisable to wait for a pullback and stabilization confirmation before considering adding to positions; heavy positions are not recommended in the short term. 3. Suitable for Trading Styles: This strategy is suitable for aggressive short-term traders who want to capitalize on brief rebounds to exit at the top, entering and exiting quickly, and avoiding prolonged positions. Medium- to long-term investors are advised to remain on the sidelines and wait for market sentiment and fundamentals to improve before making trend-based investments. Pay close attention to the progress of subsequent market recovery and changes in market sentiment as catalysts.

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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