The idea of JELLYJELLY is good; we can consider entering with a Light Position to go long. Recently, there have been two clear pieces of Favourable Information: the staking rewards program starting on November 26 is indeed a real operational move, and there will be a V5.0 application update on December 12. Although about 20% of the supply is concentrated in a few Addresses, this risk must be acknowledged. However, based on the Rebound performance on December 19, the market sentiment is still relatively optimistic.
The technical aspects have provided many confirmation signals. The 4-hour K-line is steadily above the MA25, the MACD is showing an early red bar formation, and the trading volume is also following suit, all indicating the continuity of a short-term rebound. It is recommended to set the stop loss at $0.07; if this support level is broken, it will be completely invalidated, so do not hesitate to exit directly. The key is to control the position size well; a Light Position strategy can help you respond more calmly to market fluctuations, preventing you from being washed out by a single pullback.
Of course, the fluctuations in the crypto market have no limit, so never invest money you can't afford to lose. Make decisions based on your own risk tolerance; being prudent is the most important.
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The idea of JELLYJELLY is good; we can consider entering with a Light Position to go long. Recently, there have been two clear pieces of Favourable Information: the staking rewards program starting on November 26 is indeed a real operational move, and there will be a V5.0 application update on December 12. Although about 20% of the supply is concentrated in a few Addresses, this risk must be acknowledged. However, based on the Rebound performance on December 19, the market sentiment is still relatively optimistic.
The technical aspects have provided many confirmation signals. The 4-hour K-line is steadily above the MA25, the MACD is showing an early red bar formation, and the trading volume is also following suit, all indicating the continuity of a short-term rebound. It is recommended to set the stop loss at $0.07; if this support level is broken, it will be completely invalidated, so do not hesitate to exit directly. The key is to control the position size well; a Light Position strategy can help you respond more calmly to market fluctuations, preventing you from being washed out by a single pullback.
Of course, the fluctuations in the crypto market have no limit, so never invest money you can't afford to lose. Make decisions based on your own risk tolerance; being prudent is the most important.