#ETH巨鲸增持 $MERL This wave made a small profit of three to five k u, but the market data is not as strong as imagined. The pullback just hit the hourly MA60 and then rebounded. In this kind of position, I generally lock in profits first, after all, if the support is broken, I can still continue to position.
After observing for several days, the signs of this coin being washed are quite obvious - the trading volume shrinks significantly during the falls, indicating that the selling pressure is actually not heavy. The hourly level support is still there, but the previous high has not been broken through, so it's best to avoid too much action in this consolidation range and watch more. Before the market sentiment picks up, it's much safer to follow the rhythm than to chase the rise.
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.
9 Likes
Reward
9
5
Repost
Share
Comment
0/400
AllInAlice
· 2h ago
The market data is still weak, and it is recommended to wait and see.
View OriginalReply0
TopEscapeArtist
· 2h ago
It's better to be conservative in a volatile market.
#ETH巨鲸增持 $MERL This wave made a small profit of three to five k u, but the market data is not as strong as imagined. The pullback just hit the hourly MA60 and then rebounded. In this kind of position, I generally lock in profits first, after all, if the support is broken, I can still continue to position.
After observing for several days, the signs of this coin being washed are quite obvious - the trading volume shrinks significantly during the falls, indicating that the selling pressure is actually not heavy. The hourly level support is still there, but the previous high has not been broken through, so it's best to avoid too much action in this consolidation range and watch more. Before the market sentiment picks up, it's much safer to follow the rhythm than to chase the rise.