The setup looks bullish right now. A pullback toward the 200-day simple moving average would be a solid opportunity to add positions. If price holds this key support level, we could see meaningful upside momentum resume from there.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
Layer2Observervip
· 01-18 21:15
You really need to keep an eye on the 200-day moving average, but phrases like "solid opportunity" are seen too often; it really depends on the trading volume to be meaningful.
View OriginalReply0
BankruptcyArtistvip
· 01-18 12:04
How much can I make by bottom fishing this wave? I need to see if I have any principal.
View OriginalReply0
pvt_key_collectorvip
· 01-16 01:06
The 200-day moving average is indeed a good entry point; now it's just a matter of whether it can hold.
View OriginalReply0
TokenomicsTinfoilHatvip
· 01-16 00:51
You really need to hold the 200-day moving average; once it breaks, it might be a rough day.
View OriginalReply0
SerumDegenvip
· 01-16 00:46
ngl the 200-day bounce play is copium if we're being real... sure *looks* bullish on the daily but have you actually seen the on-chain liquidation cascades brewing? that "key support" gets breached and we're watching a full capitulation, fr fr
Reply0
  • Pin