A trendline that ignores bull and bear markets...

CN
1 year ago

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The scope of the big pancake activity is getting smaller and there is a (platform) demand to break away from the center. Looking at the on-chain data chip distribution chart, it shows that the number of buyers near the average price of 26300 is the highest, and there are 1.95 million addresses buying 810,000 big pancakes at the highest price of 26700. There are 2.5 million addresses buying 1.06 million big pancakes at an average price of 28300. Currently, the big pancake is operating within this range, so we need to observe the support and pressure at these two positions. If the challenge to the first pressure level of 28300 is successful, the next target may be around the psychological price of 31000. If 28300 is not stable and falls below 26300, it may accelerate to around 25000. There is currently no new capital coming in, only the game of stock funds. Moreover, the altcoin leaders are no longer interested in harvesting small retail investors, but are targeting large holders, becoming a game between large holders. Recently, two demon coins, TRB and LOOM, have played many large holders to death. Whether there will be an opportunity for an upward surge in October depends on whether 28300 can hold steady. If 28300 can hold steady, then buying on the dip will be possible. Do not subjectively look bullish or bearish, just respond based on the current intuitive market situation!

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