Be careful of getting stuck at a high position with ALPACA.

CN
10 hours ago

Bitcoin is still consolidating at a high level, and we just need to engage in the action of selling high and buying low.

There is nothing particularly noteworthy to mention; we have already explained it clearly before. As long as it does not break through this range for a day, we will continue to perform this action of selling high and buying low. There hasn't been any significant change.

Let's take a look at another coin. This coin previously experienced a significant drop, and Binance issued a delisting notice. After the delisting, there was a sharp decline, and today it was delisted at 5 PM.

In the face of such a major negative news, the market showed a reversal. It surged from 0.02 directly to one dollar, with the spot price skyrocketing by 50 times.

Everyone knows that a delisting usually means a potential major drop, but institutions took advantage of this to anticipate retail investors' predictions. As a result, when everyone went short, this coin rose against the trend, liquidating all the short positions. This created a cascading effect that pushed the price up. This afternoon, it is set to be delisted at 5 PM, and the risk is still quite high. I suggest that cautious investors

patiently wait and not rush in impulsively. Be careful, as this price is still relatively high. Although the trend is still upward, be cautious; when the actual delisting occurs, there could be a significant waterfall drop.

If you feel confused about making trades and don't know where to start, feel free to follow our public account: KK Strategy

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