CryptoQuant's Head of Research advises Strategy to pause its buying, otherwise it may continue to buy at local highs.
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According to ME News, on February 11th (UTC+8), Julio Moreno, Head of Research at CryptoQuant, stated that his current trading advice regarding Strategy is to suspend buying, acknowledging that the market is in a bear market phase. He advised raising cash using ATMs, holding the funds, and waiting several months for market conditions to improve before deploying further funds; otherwise, he cautioned against continuing to buy at local highs. He emphasized that even non-traders should adopt a more strategic buying approach. (Source: ME)
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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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