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Wild swings, one after another! BTC is bottoming out, ETH is waiting to stabilize, ONT and FORTH are surging, and SIREN and KNC are fluctuating. Who can catch this wave of cryptocurrency market movements?

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羡羡日记
03-28
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Here's my plan for BTC: If it can hold firmly above 66,000 on Sunday, I'll long. If it dips, there's room to add to the position or set a stop-loss. If it falls to the 64,500-65,200 range, I can also buy the dips in long. Currently, market sentiment is extremely panicked, with most people bearish. I might wait for another market correction before entering, or build a small position in three batches. Only by managing your position size properly can you survive in the market in the long run.
There are currently no suitable entry points for ETH at low prices. Like Bitcoin, it needs a few days to bottom out and stabilize. You can wait until the price reaches the 1960-1920 range before considering entering the market, or you can coordinate your entry with Bitcoin.
FORTH: It suddenly surged today, rising over 58% in the short term, with trading volume increasing more than ninefold. The price rebounded from the support level of 0.35, showing a clear breakout signal. This coin has low liquidity; a small amount of capital can cause significant fluctuations, most likely indicating that major players are accumulating or clearing liquidity. Trading suggestion: Wait for a pullback to around 0.45 before entering the market, with a stop-loss order placed 2%-3% below the entry price.

Here's a breakdown of the reasons for ONT's sudden surge: On the 24th and 25th, ONT jumped 50% to 80%, with trading volume more than tripling. The main reasons are: South Korean funds were driving the price up, with over 40% of trading volume coming from Korean exchanges; retail investors flocked to buy; the digital identity concept was hot; and the EU's plan to roll out digital identity wallets to 450 million people by the end of 2026 is beneficial for ONT's DID business. After a long period of sideways trading, this breakout with high volume squeezed out short sellers and boosted bullish sentiment. However, it's important to note that market sentiment is currently too euphoric, with many people taking profits, so the risk of a subsequent pullback is significant.

SIREN: This coin has moved too aggressively. It first wiped out both bulls and bears, then jumped from 0.713 to 1.62, a nearly 56% increase in one day. The total trading volume for the futures contracts was seven to eight billion, while the spot volume was only one to two hundred million, indicating very high activity. The bullish and bearish forces are roughly equal, with a slight bias towards the bulls. The funding rate is negative, meaning bulls will have to pay fees, which could lead to a short-term pullback risk. This coin is too volatile; don't blindly chase the highs. Just patiently wait for opportunities to short at higher levels.

KNC: A sudden plunge occurred, and this established DeFi coin suffered another wave of selling pressure. It quickly dropped from 0.167 to around 0.155, a decline of over 7%, with increased trading volume but insufficient buying support. Main reasons:

  • Market risk aversion has risen rapidly.
  • The concentrated liquidation of leveraged positions triggered a chain reaction of declines.
  • The DeFi sector as a whole performed poorly.
  • Low market liquidity further amplified volatility.

The current market sentiment is extremely panicked. You can try to play the rebound in the 0.148 support area, but you must set strict stop loss.

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 high your confidence level, 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: 3530882667 (Add me with a note, and I'll add you to our learning and discussion group).

Sector:
Halving Tokens
Smart Contracts
Layer 1
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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