
文文|Apr 13, 2025 16:32
The reason why I am looking at $160 is mainly because the monthly MA dead cross is at a very low point and has already been broken through in Q4 last year
Establishing an upward trend in the long term
Secondly, the daily golden cross is also forming and is relatively low, which is a relatively easy position to hold
Finally, in the range of 4-5, there is often an increase in volume, indicating that there are villages attracting funds
If the long-term trend of the monthly line is established, then the high of $44 is a sign of breakthrough
How do you understand this so-called symbol? Simply put, the process of speculation and upward movement is a continuous buying process. The previous wave of upward movement already had an average cost around the average price of this wave of upward movement. There are three options for the future
1. The dealer lets go of the stop loss, unlimited chip dumping, and the price hits a new low - this is the worst-case scenario, which will result in even if there are dealers who take over the market, they do not need to pull to the previous lowest price to run away and cut the leeks. All new low Memes have this characteristic
2. The banker continues to attract funds at a low level, gradually lowering the average cost. After that, they only need to reach half of the previous high level to withdraw without loss. For example, LINK is a bit like this situation
3. There are many funding institutions competing for the coin itself, and the market makers do not have many opportunities to attract enough chips at low levels. In the end, a consensus is reached that everyone will rise together, and the average unit cost will be reduced. However, the target must be at least at the top high level in order to have a chance to break free, such as SOL
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