MYX's short position was successfully closed last weekend, and today it finally reached the expected take-profit point. Although the pace was a bit slow, it was still achieved. It's time to realize some profits at this price level.
The current issue is that I need to find a few cryptocurrencies with solid fundamentals to establish short positions. There aren't many players like that in the market.
The next operational approach is very clear—continue switching between altcoins and mainstream coins on the daily chart to go long and accumulate positions. PEPE's recent performance has been quite interesting, and RIVER is also worth keeping an eye on; both are viable directions to participate in.
Interested friends are welcome to join the chat room to continue exchanging ideas.
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MetaNomad
· 01-07 21:21
Damn, MYX finally made it through this round, gotta be quick now.
Wait, fundamentally solid short positions are really hard to find, I'm also worried.
PEPE has been strong these past two days, but I'm still watching RIVER's trend, I always feel something's off.
Switching between altcoins and mainstream coins with this strategy has been tried before, but it's too mentally exhausting.
Accumulating chips on the daily chart sounds simple, but in practice, it's easy to get caught off guard. How do you guys manage the rhythm?
This market trend feels like retail investors are making less and less money; the fundamentals have been completely absorbed.
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BankruptcyArtist
· 01-07 05:24
Take it slow, no need to rush. Solid cryptocurrencies are really scarce.
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MYX is indeed stable this time, but the rhythm is a bit slow.
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Currently, it's hard to find fundamentally solid short-sellers.
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PEPE is interesting, but I'm still observing.
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Switching to a long position on the daily chart with this approach I agree with; accumulating chips is the key.
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They're trying to persuade me to join the chat room again, haha.
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RIVER is definitely worth watching; it’s been making quite a stir lately.
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Once the take-profit point is reached, it's time to run. Don't be greedy, that's the most important.
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Talking about short-sell setups is easy, but finding a fundamentally strong one is really difficult.
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Switching between altcoins and mainstream coins can easily lead to getting chopped up.
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CryptoGoldmine
· 01-05 08:56
Short positions are safely taking profits, but this pace is indeed a bit uncomfortable. Fortunately, the data is reliable.
Solid fundamental short targets are really hard to find. I am also analyzing the data on difficulty adjustment cycles.
I looked at the PEPE chart. From the perspective of computing power yield ratio, there is still an opportunity. The RIVER direction is worth exploring further.
I agree with the idea of switching to daily chart chip accumulation. The key is to keep a close eye on ROI changes.
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OnchainGossiper
· 01-05 08:52
Take profit and run. This wave's rhythm has been a bit prolonged, but it's definitely better than losing money.
It's really hard to find solid fundamental short positions; this is the current situation.
Wait, PEPE and RIVER are both rising at the same time? Are we betting on which one will fly first?
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BlockchainTherapist
· 01-05 08:51
Alright, MYX is still steady this time, but it's really hard to find solid short targets now. I'm also doing some research.
PEPE has been quite interesting lately, but I need to take another look at RIVER's fundamentals.
View OriginalReply0
WalletDivorcer
· 01-05 08:42
Bro, MYX's profit-taking this time was perfect. Staying steady is the key.
PEPE and RIVER are indeed worth paying attention to, but fundamentally solid short positions are really scarce.
This round of rhythm switching needs to be well grasped; it's easy to cut meat with a dull knife.
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PessimisticLayer
· 01-05 08:35
Slow is slow, but being able to make a profit makes you a winner. MYX is still steady this time.
Wait, are solid fundamentals really that hard to find in short positions... I feel like they're all trash coins.
I'm a bit worried about PEPE, it's too easy to be shaken out.
RIVER, let's observe first, no need to rush into buying.
With the current market situation, you still need to cut in several times to grasp the rhythm.
MYX's short position was successfully closed last weekend, and today it finally reached the expected take-profit point. Although the pace was a bit slow, it was still achieved. It's time to realize some profits at this price level.
The current issue is that I need to find a few cryptocurrencies with solid fundamentals to establish short positions. There aren't many players like that in the market.
The next operational approach is very clear—continue switching between altcoins and mainstream coins on the daily chart to go long and accumulate positions. PEPE's recent performance has been quite interesting, and RIVER is also worth keeping an eye on; both are viable directions to participate in.
Interested friends are welcome to join the chat room to continue exchanging ideas.