TRADOOR/USDT has experienced a classic rollercoaster in the past 24 hours. The price surged from 1.43 straight up to a high of 2.258, then started to loosen, now fluctuating around 2.04. This rapid rise followed by a correction is actually quite common in the crypto world — essentially, early speculators are cashing out profits, and the market needs a breather to digest this wave of gains.
For different types of traders, strategies should also adapt: short-term traders can take advantage of the pullback to gradually build positions, but be sure to set stop-losses to prevent losses from spiraling out of control. If you’re planning to hold long-term, then wait and don’t rush. Wait until the price stabilizes and a new upward trend truly emerges before considering entering.
Specifically, if you want to take action, you might consider reducing your position in the 2.20 to 2.30 range, as this is a previous resistance level; if the price drops below 1.85, then you should accept defeat, cut your losses, and avoid false hopes.
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.
10 Likes
Reward
10
4
Repost
Share
Comment
0/400
SerRugResistant
· 16h ago
Another wave of rug pulls, a typical retail investor trap.
View OriginalReply0
SchroedingerAirdrop
· 16h ago
It's the same old trick, rushing in and then running away, leaving the bag holders crying.
View OriginalReply0
CryptoNomics
· 16h ago
actually, if you run a basic correlation matrix on the volume distribution, you'd realize this entire pullback narrative completely ignores the endogenous liquidity dynamics at play here. the math just doesn't check out.
Reply0
TopBuyerBottomSeller
· 16h ago
It's the same trick again, pull to 2.2 and then run, break below 1.85 and cut... Easy to say, but when that moment comes, everyone will panic.
TRADOOR/USDT has experienced a classic rollercoaster in the past 24 hours. The price surged from 1.43 straight up to a high of 2.258, then started to loosen, now fluctuating around 2.04. This rapid rise followed by a correction is actually quite common in the crypto world — essentially, early speculators are cashing out profits, and the market needs a breather to digest this wave of gains.
For different types of traders, strategies should also adapt: short-term traders can take advantage of the pullback to gradually build positions, but be sure to set stop-losses to prevent losses from spiraling out of control. If you’re planning to hold long-term, then wait and don’t rush. Wait until the price stabilizes and a new upward trend truly emerges before considering entering.
Specifically, if you want to take action, you might consider reducing your position in the 2.20 to 2.30 range, as this is a previous resistance level; if the price drops below 1.85, then you should accept defeat, cut your losses, and avoid false hopes.