$S is about to take off again 🔥
S will burn 2.69 million airdropped tokens on October 15. As everyone knows, whenever tokens are burned and supply is reduced, the market sees them as scarcer, creating a big narrative—just like coins from ancient dynasties: the fewer that circulate, the more valuable they become.
Whether this supply reduction will increase demand remains to be seen, but the market makers will definitely use it as an opportunity to hype the token and drive up the price. The market has already started pricing it in.
The price has yet to reach the short sellers’ counterattack level of 0.054, which shows that the bulls aren’t giving them an opportunity and that buying support is strong. I think this could be a good time to go long, around 0.056–0.057, and see if the price can break through 0.06. If it does, it could rise above 0.07 again. If it falls below 0.054, the bears could push back toward the bulls’ key defense level near 0.05. So don’t stubbornly hold on if it drops below 0.054—cut your losses in time, then consider buying back around 0.05 depending on the situation. #代币化股票总市值创39亿美元新高
S will burn 2.69 million airdropped tokens on October 15. As everyone knows, whenever tokens are burned and supply is reduced, the market sees them as scarcer, creating a big narrative—just like coins from ancient dynasties: the fewer that circulate, the more valuable they become.
Whether this supply reduction will increase demand remains to be seen, but the market makers will definitely use it as an opportunity to hype the token and drive up the price. The market has already started pricing it in.
The price has yet to reach the short sellers’ counterattack level of 0.054, which shows that the bulls aren’t giving them an opportunity and that buying support is strong. I think this could be a good time to go long, around 0.056–0.057, and see if the price can break through 0.06. If it does, it could rise above 0.07 again. If it falls below 0.054, the bears could push back toward the bulls’ key defense level near 0.05. So don’t stubbornly hold on if it drops below 0.054—cut your losses in time, then consider buying back around 0.05 depending on the situation. #代币化股票总市值创39亿美元新高