#M Instant surge doubled!
M suddenly doubled, but many people have not reacted yet
Last night's most intense market segment
was when M rose from 1.7 close to doubling
and here in Huiyuan, some partners had already positioned long orders around 1.4
This wave directly achieved a 100% increase, it can be said to be a very beautiful trade
But more important than making money is
Why this position?
Many people see the surge and think it’s luck
In fact, most of the time, the market has signs
Let’s first discuss three key points:
1️⃣ Structural position
The area around 1.4 is actually the previous fluctuation bottom area
Repeated tests without breaking down, indicating that there is capital supporting here
Such positions are often where
capital is willing to try going long
2️⃣ Emotional cycle
The recent characteristics of the market are very obvious
BTC fluctuates → capital begins to look for small coin opportunities
As long as there is a little bit of capital to ignite
small coins can easily experience a rapid surge
3️⃣ Liquidity trigger
Once the price breaks through key resistance
Short positions are passively stopped out + FOMO chasing funds enter the market
The market will experience this
short-term accelerated rise
But here, I have to say something many people are reluctant to hear:
After a surge, the risk has just begun
Currently, the market is most likely to see two situations:
1️⃣ High-level fluctuation and turnover
2️⃣ Rapid pullback and washing positions
If there is no new capital to relay
short-term fluctuations will be very large
So the next key question is:
Is this wave the beginning or the end?
If the structure can stabilize at a high position
It is not ruled out that a second wave of market will emerge.
But if it falls back below key support
Then it is likely to be a short-term emotional market
The most interesting thing in the cryptocurrency world is:
Opportunities are never few
But not many can seize them
Many people did not miss the market
But rather:
Didn’t dare to buy before the rise
Chased high after the rise
Finally, I’ll ask everyone a question:
If M pulls back to around 1.6—1.7
You will:
A. Buy another wave
B. Just watch and do nothing
C. Already on board
Let’s chat in the comments, are you currently on board?