In the recent sharp decline, many small currencies have fallen by an average of 40%.
The pie has also been given out in a wave of more than 24,000 (some exchanges have reached more than 25,000), mainly to increase leverage.
Today, the market has entered a turmoil again. The main reason is that the rebound has not been very strong. Instead, there have been outflows of funds from many large institutions.
The performance of the market is the most honest, which shows that there is still not much money entering the market to buy the bottom.
In addition, the U.S. stock market is still at a relatively high level, the washout is not thorough enough, and the dealers have not yet completed the exchange of chips.
Then there is still a certain probability that it will continue to fall.
If it continues to fall, how low will it fall?
The position where the pie pin reaches more than 24,000 is a strong support level. This position is already considered to be in the first "golden pit"
We said earlier that in this#currencycircle# cycle, there is a high probability of getting the first 8-10 times position in the range of 16000-25000, so we call this gold pit the first gold pit.
If you enter at this time, you will most likely be able to get it at this price.
But those who enter in the future may have to consider the second golden pit interval, the 25,000-35,000 interval.
Therefore, in this round of decline, it is still an opportunity to "buy the bottom" within 25,000.
If it falls again, if it falls below 24,000, I think there may be a chance of reaching around 21,000 at most.
In short, it is enough to ensure that the price is within 24,000 and that my position layout for this round of bear market reaches more than 8 levels.
Large institutions have to buy in batches, and it is unrealistic to think of a precise wave of bargain hunting.
Within the range, buy in batches!
Slow is fast!
