September 27:
‼️ Friendly reminder: don’t go around blindly buying or chasing coins just because they’ve pumped a lot. This isn’t the time when you can buy any coin you want.
For now, treat Bitcoin and Ethereum as ranging/oscillating first. From the end of the month through the National Day holiday, around 85,800 and 87,000 near the upper previous high, you should reduce positions and set up for trading the spread (short-term buy/sell zones). For small coins you bought earlier at lower levels, make sure you have a break-even plan and a loss-reduction (push-loss) plan in place.
For this pullback, what we’re targeting is the 4-hour 3rd buy point. Later, if the price breaks to new highs again, pay attention to the strength. For Bitcoin, the resistance level above is around 90,000. If it can push to that area, that’s when you should scale in and collect profits in batches—not when you’re getting carried away and chasing the pump.
At this moment, don’t think, “I can buy now and hold for the long term.” Small-cap coins have already risen a lot. Especially those that have reached the vicinity of the daily timeframe resistance level—do not buy them again.
‼️ Friendly reminder: don’t go around blindly buying or chasing coins just because they’ve pumped a lot. This isn’t the time when you can buy any coin you want.
For now, treat Bitcoin and Ethereum as ranging/oscillating first. From the end of the month through the National Day holiday, around 85,800 and 87,000 near the upper previous high, you should reduce positions and set up for trading the spread (short-term buy/sell zones). For small coins you bought earlier at lower levels, make sure you have a break-even plan and a loss-reduction (push-loss) plan in place.
For this pullback, what we’re targeting is the 4-hour 3rd buy point. Later, if the price breaks to new highs again, pay attention to the strength. For Bitcoin, the resistance level above is around 90,000. If it can push to that area, that’s when you should scale in and collect profits in batches—not when you’re getting carried away and chasing the pump.
At this moment, don’t think, “I can buy now and hold for the long term.” Small-cap coins have already risen a lot. Especially those that have reached the vicinity of the daily timeframe resistance level—do not buy them again.