#pons Yesterday bought the neighboring spot and rode a wave up to around 0.7. Afterwards, due to the broader market’s sharp drop, price surged and then pulled back to around 0.6. At 2:00 a.m. tonight, the rate-hike result will be released. I’ve already placed orders in advance, preparing for a possible “needle” downward move. Before the two major market makers went onto the spot, they mainly focused on pressing down and accumulating. Now that they have entered the spot, they should primarily focus on supporting the market. If the rate hike causes the price to fall back to the previous low near 0.5, there should be a support action. In terms of trading, I did a little T on the contract; I didn’t add any spot.
$MARSCOIN Yesterday continued to break to new lows. Then, following pons, it bounced a bit, but it’s still showing a weak bottoming/teetering-downtrend. In terms of execution, I hit the low point yesterday and added another 3,000 U. The clear bill vote failed last night. Tonight, a rate hike is likely. Today, ARC mainnet launched to route/split RH chain liquidity. With multiple negative factors, the outlook is still expected to remain sluggish for a while; even the coin price may potentially set new lows. If tonight’s rate hike truly triggers a big drop, that would actually be a good opportunity to bottom-fish and add positions. Spot and contracts have already placed buy orders. pons has also gone onto an exchange, and its spot depth has increased significantly. If there’s a bigger drop, the contracts are prepared to add a suitable amount of leverage; currently it’s still kept at 1:1, waiting for tonight’s rate-hike outcome.
$MARSCOIN Yesterday continued to break to new lows. Then, following pons, it bounced a bit, but it’s still showing a weak bottoming/teetering-downtrend. In terms of execution, I hit the low point yesterday and added another 3,000 U. The clear bill vote failed last night. Tonight, a rate hike is likely. Today, ARC mainnet launched to route/split RH chain liquidity. With multiple negative factors, the outlook is still expected to remain sluggish for a while; even the coin price may potentially set new lows. If tonight’s rate hike truly triggers a big drop, that would actually be a good opportunity to bottom-fish and add positions. Spot and contracts have already placed buy orders. pons has also gone onto an exchange, and its spot depth has increased significantly. If there’s a bigger drop, the contracts are prepared to add a suitable amount of leverage; currently it’s still kept at 1:1, waiting for tonight’s rate-hike outcome.
