$牛来 Sure enough, it hit a new spot-market low on October 8 at 0.068, just as I predicted on the 6th.
I took a look, and it has now rebounded to 0.078. The key point is that it has risen for three days in a row. Although trading volume has declined each day, the gains have gradually increased. Today, volume reached 2.45 million and the price climbed 7%. On the one hand, this suggests that after nearly a month of shakeouts, the market has been thoroughly cleaned out. On the other hand, someone is accumulating.
The more everyone believes in a coin, the harder it is to hold comfortably. The main reason is that consensus is just too strong when a bull run arrives. As I said in my previous post, its biggest problem isn’t a lack of buyers—it’s that too many people want to buy, and each one is taking a bigger position than the last. With a market like this, the only way is down, sideways, sharp wicks, and repeated grinding.
Another key factor behind the rebound is that #币安人生 has risen for three days in a row, from 0.47 to 0.6. After all, it’s the leader of Chinese-language MEME coins, while #牛来 is just a follower. So as long as the leader holds steady, it has a chance to keep rebounding.
After putting people through the wringer for so long, consensus is still intact. It’s about time we got one or two bull-trap rallies.
In the short term, if it holds above 0.07, it could make another run at 0.08–0.1.
#跟着锦鲤学打百倍金狗 $币安人生
Follow Web3 Koi Diary, and watch the coins you buy go up tenfold.
I took a look, and it has now rebounded to 0.078. The key point is that it has risen for three days in a row. Although trading volume has declined each day, the gains have gradually increased. Today, volume reached 2.45 million and the price climbed 7%. On the one hand, this suggests that after nearly a month of shakeouts, the market has been thoroughly cleaned out. On the other hand, someone is accumulating.
The more everyone believes in a coin, the harder it is to hold comfortably. The main reason is that consensus is just too strong when a bull run arrives. As I said in my previous post, its biggest problem isn’t a lack of buyers—it’s that too many people want to buy, and each one is taking a bigger position than the last. With a market like this, the only way is down, sideways, sharp wicks, and repeated grinding.
Another key factor behind the rebound is that #币安人生 has risen for three days in a row, from 0.47 to 0.6. After all, it’s the leader of Chinese-language MEME coins, while #牛来 is just a follower. So as long as the leader holds steady, it has a chance to keep rebounding.
After putting people through the wringer for so long, consensus is still intact. It’s about time we got one or two bull-trap rallies.
In the short term, if it holds above 0.07, it could make another run at 0.08–0.1.
#跟着锦鲤学打百倍金狗 $币安人生
Follow Web3 Koi Diary, and watch the coins you buy go up tenfold.