Yesterday's market performed as expected, with ARB reaching the range of 1.4 to 1.5. Why did we expect it to reach this range yesterday? Because this position is the area where the bottom doubles, and there should be quite a few people choosing to take profits at this stage. Therefore, there is a certain potential selling pressure. If you, like me, are heavily positioned in ARB, then the current position is suitable for selling a portion of your medium to long-term positions. After all, this level of single-day acceleration meets our previously established strategy of selling on big positive days. Now that we have waited for a single day with a large positive candlestick exceeding a 20-point increase, we can choose to exit all short-term positions. Additionally, we can also sell a portion of our medium to long-term positions. If, as expected, the price retraces to around 1.2, we can re-enter a portion of our medium to long-term positions. In fact, this can also be considered a small short-term trade. Of course, if the market continues to rise significantly, then the remaining positions can continue to profit. Of course, if your own position layout is not considered heavy for you personally, you can continue to hold on. When the news of the ETF passing is released, we can see how high the price can rise and then choose to take profits, or use the historical high of 1.82 as the exit point. Yesterday, OP continued to rise and became the leading project in this round of Cancun upgrade. It has also reached a historical high. In my personal experience, reaching a historical high often marks a golden time for taking profits at a stage. Therefore, at the current position of OP, if some friends have positioned themselves, they can also take profits and exit at least half of their positions (keep your position within your own capabilities).
With the rapid rise of OP and ARB yesterday, various communities have also started discussing the Cancun upgrade. In fact, for players like us who have already quietly positioned themselves, when everyone knows it's time to buy, it's the stage where we slowly distribute chips. This is also a consistent tactic of the "whale" manipulating the market. We follow the "whale" and remember, taking profits is never wrong. Don't always try to sell at the highest point. As an old investor, my advice to newcomers is, when facing significant profits and fantasizing about future gains, in such greedy situations, always remember the profit-taking plan you once made and execute your operations accordingly. Don't be too greedy, or even add positions at high levels!
In fact, exiting is often much more difficult than entering, and those who understand this should understand! For those who don't understand, I hope you can understand the importance of exiting as soon as possible! As for the current market, I personally believe that it has entered the tail phase. Projects that have already gone crazy, such as BLUR, BIGTIME, BONK, TIA, SEI, SOL, AVAX, INJ, WLD, etc., should not be pursued for short-term gains. Perhaps the position you entered is already a temporary high point, including the second-layer OP that broke out yesterday, ARB, METIS, and related ecosystems such as MAGIC and RDNT, all of which can be partially exited for profits!
For potential doomsday projects that have not yet broken out, such as XRP, ETC, or valuable tokens that are still relatively low, such as MASK and ENS, overall, the current market rotation effect is obvious. As a continuous event that will be hyped, the Cancun upgrade can be positioned on dips. After taking profits in stages, whether participating in short-term trades or medium to long-term allocations, this sector is one of the options worth focusing on!
There are some new projects such as PYTH, which I think can be invested in on dips. This round of market trends may not necessarily break out, but in the medium to long term, there will definitely be opportunities for a breakout. When participating, be sure to control your position, buy on dips, and the more it falls, the more you buy. Don't chase after rising prices! SUI and APT saw a round of catch-up in the morning, and similarly, do not chase after them. Ambush must be set when it falls. Once it has risen, it's time to take profits!
If you are a partner who has heavily positioned in ARB together, remember to appropriately reduce your leveraged positions at the current position and taking profits is always the safest option!
The next target for ARB is around 1.8, but it may need to adjust at the current position! Positioning on dips in the range of 1.2 to 1.3 is recommended!
When taking profits, I wish early positioned friends all the best!
In the cryptocurrency industry, if you want to seize the opportunity of the next bull market, you need to have a high-quality circle, where everyone can huddle together and maintain insight. If you are alone, looking around in confusion and finding no one, it is actually very difficult to persist in this industry. If you want to huddle together or have doubts, you are welcome to join us - Gongzonghao: Guanguan Shuibi. 
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