Today is Friday, November 10th, 2023. Yesterday's market showed a dual cycle of ice and fire, with continuous volume increase for four hours and six consecutive rises, reaching a peak of 37972
Today is Friday, November 10th, 2023. Yesterday's market showed a dual cycle of ice and fire, with continuous volume increase for four hours and six consecutive rises, reaching a peak of 37972. However, during the early hours of the morning, a negative line appeared, hitting the price to 35600. The counterfeit currency market has also experienced a wave of bloodshed, with most currencies experiencing a decline of around 20 points, and more than 5 times the leverage has been cleared. This indicates that there is an intention in the market for dog farms to clean up leverage to alleviate subsequent upward pressure.
With the pullback of Bitcoin, the counterfeit currency market has experienced a comprehensive pullback of 10% -20%, and there has been a certain rebound so far. In this situation, we need to pay special attention to contract trading and make sure to set a stop loss. For spot positions, especially those held in the medium to long term, there is currently no need to overly focus on short-term fluctuations.
Although Bitcoin has experienced a pullback, Ethereum has performed relatively well in terms of strength. The highest level of Ethereum rose to 2065, with a pullback of less than $100 around 1970, with a relatively small amplitude. This shows the relative strength of Ethereum in the market correction.
The strong performance of Ethereum is closely related to BlackRock's application for Ethereum ETFs. It must be admitted that BlackRock's influence does indeed surpass that of other institutions, and with its support, the current upward momentum of Ethereum has only just begun. After all, the application for the Big Cake ETF directly raised the price of Bitcoin from 28000 to 38000, so it can be expected that Ethereum is expected to climb from 2000 to 3000 in this wave of market. This probability is extremely high, especially considering the positive news that the Ethereum will experience a Cancun upgrade in the first quarter of next year.
Once the trend is established, we should avoid the idea of trying to short at the top. Otherwise, just like missing out on the rise of Bitcoin, it may miss out on the opportunity of Ethereum, and thus miss out on the overall rise of the counterfeit currency market. The current market has clearly shown a bullish trend, and we should not go against the trend, but stay in line with it.
Do you still have a chance to board the car at present? How to operate a short line?
For investors who have not yet participated in spot trading, there is no need to be overly anxious. The market is rich in opportunities, and although the short-term market volatility is significant, it will not continue to be infinitely crazy. There will still be opportunities for getting on the car in the future.
The current market activity has increased, with significant intraday fluctuations. Spot investors can participate in weekly band operations, while contract investors can participate in short-term trading with daily cycles. Whether it is spot or contract, it is necessary to find a good entry location, as this directly determines the success rate of the trading strategy.
Since the ether has already launched a charge, the outbreak of species related to the ether's ecology can be described as imminent. Here are a few species worth focusing on:
Due to the timeliness of the article, the original plan was to recommend SSV, but unexpectedly it quickly rose within an hour in the morning. If it has already risen, don't chase it up again. Instead, the following two ambush varieties can be considered, and I believe the current opportunity is very great.
ENS (Ethereum Domain Name Service): I have always felt that this variety has been underestimated. As a leader in the domain name race, although its performance has been mediocre since its launch, its fundamentals are actually very strong and its profitability is also very good. With the rise of Ethereum, the space for domain name racing has also become very huge. At present, it is still at a relatively low level, and the current price can be considered for entry. The first target level can be set at $10-11. Once it breaks through, it may further open up upward space.
LQTY: There has been a wave of performance before, and it is currently in the stage of gaining momentum. The adjustment should also be almost completed. As a highly anticipated project in the Ethereum lending circuit, ambush can be considered. The first target position can be set at a top of $2 to $2.3.
Due to time constraints, the above two projects are currently highly recommended as there may be potential promotions at any time. For investors who are unsure what to purchase, they can consider choosing the two projects mentioned above. I strongly recommend ENS, followed by LQTY.
Let's talk about the point at which some mainstream mountains need to be replenished if the pancake rises below 4w:
1. SOL: It is currently the counterfeit currency that is closest to the rise of BTC and is expected to rise to 84.50. I hold a long-term perspective and may not even leave the market when it reaches 100. Short term fluctuations are emotions, while long-term trends are trends.
2. THETA: Expected to increase to 2.50.
3. GALA: The goal is to make up to 0.15, although it is difficult for the Mavericks to reach this level, looking towards 0.046 in the short term.
4. SNX: Aim to make up to 4.75.
5. MATIC: The goal is to make up to 1.35.
6. ADA: Expected to rise to 0.7750.
7. DOGE: The goal is to make up to 0.1250.
8. DOT: Aim to make up to 14.25, although it is difficult for the Mavericks to reach this position, looking towards 6.75 in the short term.
9. AXS: The goal is to make up to 37.50, although it is difficult for the Mavericks to reach this position, looking towards 11.85 in the short term.
10. XRP: The current round of market rebound has been completed, and long-term holdings are still worth considering. It may be possible to wait for a pullback and gradually build positions.
11. LTC: Expected to increase to 112.
12. SAND: The goal is to make up to 2.18, although it is difficult for the Mavericks to reach this position, looking towards 0.7950 in the short term.
13. MANA: It is expected to make up to 1.65, although it is difficult for the Mavericks market to reach this position, looking towards 0.6650 in the short term.
14. MASK: The goal is to make up to 5.85.
Summary:
In the current market stage, spot trading is still mainly based on the band, while contract trading continues to use the intraday short-term as a reference. The currencies recommended above are all recommended for everyone to ambush in the spot market. If contract trading must be opened, it is necessary to set a stop loss and try to reduce some leverage as much as possible. The timeliness of the article is limited. During the process of my post, the market may have started to gradually rise, and at the moment of conversation, the hidden currency may have started to rise in a straight line. Anyway, take action!
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