A few casual words from Trump can cause a market-wide plunge. This has become a true reflection of recent market conditions. Sharp rises and falls have become the norm; the market's direction is entirely at his whim.
In the past 24 hours, a total of 143,310 people across the internet have had their positions liquidated, with a total liquidation amount of $354 million. Long positions were liquidated for $219 million and short positions for $135 million.
BTC
Bitcoin's short-term rebound high just touched the upper edge of the downtrend channel, slightly short of the 1.618 Fibonacci retracement level. The original plan was to short at 69,500-70,000, but the minor high only reached around 69,300, so the short order was missed, resulting in a loss of approximately two to three thousand dollars in profit.
Next, pay attention to the short-term low range of 66,000-65,000. This area is the lower edge of the daily wedge pattern and a short-term support level, offering some defensive strength. If it holds, a rebound to a higher point is possible, and long positions can be considered afterward. If it falls below this level, the next target is 63,000.
ETH
Ethereum's short-term trend is bullish, and short positions were perfectly entered, consistent with our prediction. Yesterday's suggestion to short around 2125 saw the price reach a high of 2167, and the short positions were successfully entered. Currently, there's a pullback that has yielded 70-80 points of profit. Those still holding can consider partial profit-taking or setting a stop-loss order to break even.
Next, pay attention to the support zone of 2015-2030, which is the low point of a double bottom and provides some support. As long as it doesn't break below this level, a subsequent bottoming signal could present an opportunity to close short positions and go long. For now, proceed with this plan; updates will be provided if there are any changes.
In fact, the root cause of most people's losses is chasing highs and selling lows.
I've also been investing in several Altcoin recently. When I suggested buying at low prices, nobody listened. But as soon as they started to rise, everyone rushed in. After the pullback, those who bought at the lows still had profits, while those who chased the highs were trapped at the peak, and their mentality collapsed. If you don't buy at low prices and just rush in when they rise, even if you want to chase the rise, you should wait for a pullback before entering, right? Especially now that Altcoin are so volatile, you need to be even more risk-aware.
$STO
STOs are incredibly hot, and the entire internet is talking about them. AnAn is currently topping the gainers list. However, the fee rate is approaching 2%, and the contract open interest has reached 80M. Looking at the gainers list, most of the other coins are relatively new, having been listed in the last two years.
I bought more around 0.59, and it went up to 0.99, but I didn't hold on and sold around 0.85. For coins like this, it's best to take a bite and run.
$PIPPIN
PIPPIN has seen a surge, currently trading around 0.06. Long positions taken in advance have seen gains of up to 50%. We advised taking profits in batches last night, and those who haven't yet secured their gains are advised to set a stop-loss order to break even on their remaining positions.
Why is it said that PIPPIN has fallen back from its previous volatile state and is now more suitable for swing trading? Two key points: First, avoid greed; take profits at 40%-50% and don't try to chase high-return rebounds. Second, wait for right-side signals to avoid bottom- buy the dips; wait for a strengthening trend and volume/price confirmation before entering the market. As an oversold rebound stock, strict discipline and steady operation make it easier to achieve swing trading profits.
$4
4. This short position was entered at 0.0146, and the current price is 0.012, giving me a 4x return. This coin plummeted from a market capitalization of 300 million at launch to just a few million, a drop of nearly 99%. Each time it was pumped, its true colors were quickly revealed, the price movement was smooth, perfectly validating the accurate prediction of the short position – clean and decisive!
