Top Gainer: $DYDX — Can you still chase it?
Honestly, I wouldn’t chase it right now.
This surge, put simply, is everyone betting on today’s news. The closer it gets to the time of release, the easier it is for market sentiment to get ignited, and the number of FOMO buyers keeps growing.
But here’s the interesting part: in this kind of market, the ones who truly make money are often not the last people who rush in, but the funds that were already positioned early.
Now the price is already around 0.245, and this spot happens to align with daily resistance.
You’ll notice that every time it pushes up to this level, some people rush to buy while others rush to sell—the order book starts getting especially active.
Why?
Because the people who bought earlier at lower levels already have solid profits. They may not even wait for the news release; instead, they prefer to gradually realize gains while the market is at its most excited.
So the next likely scenario is: price keeps rising, but it gets harder and harder to make money.
If the news continues to build up, there’s a chance it can still push higher for a bit;
but once market sentiment starts cooling down, the pullback won’t be slow.
My thinking is very simple:
If you already have a position, you can keep watching the news build-up and be sure to take profit with stop targets.
If you don’t have a position, don’t let two big bullish candles throw off your timing. Wait until it truly holds above the resistance level, and chasing later will feel a lot more comfortable than rushing in now.
Markets have opportunities every day, but good entry points aren’t always there.
Keep monitoring: $LAB $UB
#韩元跌至2009年以来最弱 #现货白银涨3%至每盎司$60.10 #原油价格下跌
Honestly, I wouldn’t chase it right now.
This surge, put simply, is everyone betting on today’s news. The closer it gets to the time of release, the easier it is for market sentiment to get ignited, and the number of FOMO buyers keeps growing.
But here’s the interesting part: in this kind of market, the ones who truly make money are often not the last people who rush in, but the funds that were already positioned early.
Now the price is already around 0.245, and this spot happens to align with daily resistance.
You’ll notice that every time it pushes up to this level, some people rush to buy while others rush to sell—the order book starts getting especially active.
Why?
Because the people who bought earlier at lower levels already have solid profits. They may not even wait for the news release; instead, they prefer to gradually realize gains while the market is at its most excited.
So the next likely scenario is: price keeps rising, but it gets harder and harder to make money.
If the news continues to build up, there’s a chance it can still push higher for a bit;
but once market sentiment starts cooling down, the pullback won’t be slow.
My thinking is very simple:
If you already have a position, you can keep watching the news build-up and be sure to take profit with stop targets.
If you don’t have a position, don’t let two big bullish candles throw off your timing. Wait until it truly holds above the resistance level, and chasing later will feel a lot more comfortable than rushing in now.
Markets have opportunities every day, but good entry points aren’t always there.
Keep monitoring: $LAB $UB
#韩元跌至2009年以来最弱 #现货白银涨3%至每盎司$60.10 #原油价格下跌