Looking at the historical trend, there is still room for one last surge. From the 875 level, it can rise about 3000 points at most to reach around 905. If it can stabilize around this level, a reversal opportunity may be coming.
Looking at the monthly chart, I estimate that this month will close in the 88-89 range. The recent continuous consolidation has been hovering around this area and is hard to break down. Usually, there are only two ways this situation can go: either a rally followed by a sharp drop, or a direct and brutal 5000-point surge to change the entire market. Otherwise, the probability of a downward move remains quite high.
So my plan is to short in the 905-910 range. As for another coin, I will open a short at 315. I still have some long positions that haven't been closed, so I will hold and see.
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EyeOfTheTokenStorm
· 7h ago
You're again citing historical data, can you please not crash again this time...
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905-910 can really hold? I feel like you're gambling here.
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Monthly close at 88-89? The shakeout has been going on for so long, it should have reversed by now. This wave seems to have little chance of success.
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I understand short positions, but why are you still holding long positions? Are you being a bit greedy?
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Pulling 5000 points to change the market? Dream on. The market doesn't have such a straightforward trend right now.
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I don't quite understand opening a short at 315. Is there a fundamental issue or purely technical?
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No matter how nicely you put it, the fact remains that it's currently volatile. Why bother messing around?
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AirdropJunkie
· 7h ago
905, you really need to keep a close eye on those key positions. It feels like this wave up is a trap.
Wait, you still dare to hold those long positions? Your courage is impressive.
The closing position on the monthly chart is indeed a bit strange, feeling neither up nor down, which is quite annoying.
Short positions are okay to set up, but I need to look at the data again for that coin on 3/15 before making a decision.
These days, the washout has been a bit confusing for me. Anyway, I'll try to follow your approach and test the waters.
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ShitcoinConnoisseur
· 8h ago
It's the same old story again, talk of a surge and reversal, I'm already tired of hearing it.
Every time they say it's the last wave, but in the end, it still crashes.
905 short position? I bet you'll change your mind again tomorrow.
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RunWithRugs
· 8h ago
Back to the market again. Is this really the last chance? It feels like every time they say it's the final wave.
Short positions from 905-910, quite bold of you. I'm still debating whether to join or not.
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MEVVictimAlliance
· 8h ago
Is it really possible to hold steady at the 905 level, or are we about to be washed out again?
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The monthly chart hovers between 88-89. I hate this kind of stalemate; I can't make any money.
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You want to push 5000 points to change the market? Your idea is too optimistic, haha.
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You're so decisive in shorting positions, while I'm still debating whether to follow.
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It's really frustrating when long positions are not flat. If this reversal fails...
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I think opening a short at 315 is okay, just worried about missing the move again.
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The last wave of upward movement? Sounds like a trap waiting for me to fall into.
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Washed out to the point where it can't be washed anymore, and I really can't say what the next step will be.
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See you at 905-910. Let's bet on this move together.
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It still seems more likely to go down. Is your judgment reliable?
Looking at the historical trend, there is still room for one last surge. From the 875 level, it can rise about 3000 points at most to reach around 905. If it can stabilize around this level, a reversal opportunity may be coming.
Looking at the monthly chart, I estimate that this month will close in the 88-89 range. The recent continuous consolidation has been hovering around this area and is hard to break down. Usually, there are only two ways this situation can go: either a rally followed by a sharp drop, or a direct and brutal 5000-point surge to change the entire market. Otherwise, the probability of a downward move remains quite high.
So my plan is to short in the 905-910 range. As for another coin, I will open a short at 315. I still have some long positions that haven't been closed, so I will hold and see.