If you want to make a lot of money in the cryptocurrency circle, the key is how to choose the right time to enter the market.
My own secret to making money is here: if a currency wants to make a real profit, it must be bought at a low price, especially when the market is cold and the currency price plummets, when retail investors cut their losses, this is the best time to take action.
Nowadays, many currencies have experienced a high-rise correction, especially high-quality head assets such as Pepe, WIF and Neiro, which have all pulled back by 30%.
For example, Pepe fell to 0.19, Neiro fell to 0.0019, and WIF fell to 3.4.
So is it the lowest point now? No one can give a definite answer, especially for some currencies with extremely random trends, such as Tugoucoin, which are difficult to predict.
But I know one thing - retail investors who chase high prices will eventually face losses and cut their losses, and what we have to do is to pick up the bloody chips when they lose money.
Even if you are unfortunately trapped, it is only temporary.
Don't always think that you can perfectly bottom-fish, be more rational and realistic.
Just like WIF, if you missed the bottom of $1.3, it doesn’t matter. Even if you enter the market at $2, you may be trapped in the short term, but you can still make a profit now.
From the current situation, it is clear that the bull market has just begun, and there are still some important events to come, such as FTX’s repayment and Trump’s inauguration on January 20, which may become catalysts for the cryptocurrency market.
Therefore, this period of adjustment is the best time for you to cover your position. Friends who have already entered the market should hold their coins patiently and wait for the next wave of market conditions!
(1) When can I enter the market for Neiro and Doge?
Neiro: At present, the concubine stage is coming to an end. You can enter with a small position appropriately, and then add more positions around 2850 to 2900.
Doge: It is recommended to wait a little longer. The current daily trend is far away and needs time to repair.
(2) What is the entry position for People and Pepe?
People: It is recommended to consider entering the market around 54.
Pepe: You can open a position around 14-15, and then add more positions if the price falls back to the 12-11 range.
(3) Can the Dogs coin continue to rise?
Pay attention to the key position of 57. If it falls below, you must stop loss decisively. Pay attention to the overall situation when trading next time to avoid losses.
(4) Can Squirrel Pnut be held for a long time?
This depends on your holding cost.
If your cost is low, you can consider holding for a long time, and it is best to hold the position with profits.
If the current entry position is not good, you may need to re-evaluate whether it is suitable to continue holding.
The recent altcoin market is indeed very worrying. When Bitcoin slightly pulls back by a few percentage points, altcoins will directly fall by 20%; when Bitcoin breaks through a new high, altcoins will only rise by about 5-10%, like an institutional holiday.
The continued rise of Bitcoin has almost nothing to do with retail investors, and it happens within a few days.
There are no projects worth investing in now, but Meme coins are popular.
Musk likes or replies, and basically you can easily get a three- to five-fold increase if you intervene early.
The essence of the currency circle is a place to chase hot spots. If you want to make money, you have to follow the hot spots.
After a wave of highs and falls, NEIRO also fell as Bao's speech triggered a decline in the market.
This once again highlights the high-risk characteristics of the meme sector. Although they can bring several times the increase, the speed of decline is also very fast.
At present, the price of NEIRO is testing the support level of 0.002. It is worth paying attention to whether it can stabilize at this position. If it falls below this support, it may directly drop to 0.0016.
Market analysis during the day on November 15, 2024
The current market is at the long-short watershed, the market fluctuates greatly, it is difficult to grasp the direction in the short term, and it is in a state of shock and consolidation.
The 4-hour chart shows that the market is gradually shrinking, and it is expected that there may be good news next week, especially the potential good news of the big cake ETF spot (speculation).
If there is no negative news about resignation tonight, the market may continue to fluctuate downward.
Operation strategy for the day:
Big cake may slowly rise with the support of the news, and then there will be a correction. You can consider shorting when it rises on the weekend.
When it rises, you can gradually enter the market to short.
Key pressure levels: 3150, 3280, 90200, 91300
Key support levels: 2780, 2950, 84200, 81200
Ethereum operation suggestions:
It is not recommended to go long today. Ethereum's short units are at 3130 and 3120 (these are also the stop-profit points for long orders or about 50 points).
The stop loss position is set at 3150, and the stable stop profit can be considered at 2980, 2950, 2850, and 2730.
Bitcoin operation suggestions: It is not recommended to chase shorts at present, and pay attention to the positions of 89700 and 90300 to start shorting (which can also be used as the exit point for bottom long orders).
The stop loss is set at 91000, and short orders need to wait for the right point to enter the market.
Stable stop profit points can be considered at 86800, 85200, 83000, and 81800.
Weekend operation strategy:
The short stop profit point of Bitcoin is also the entry point of long orders. It is not recommended to go long on Ethereum.
The iron rules of bull market speculation are as follows:
1. Fast rise, slow fall: accumulation phase
When the price of a currency rises rapidly but falls slowly, it usually means that the dealer is quietly accumulating chips and preparing for the next round of rise.
2. Fast fall, slow rise: delivery phase
When the price falls rapidly and rises slowly, it often indicates that the dealer is gradually selling and the market enters a downward cycle.
The current market focus is undoubtedly on Bitcoin (BTC) and Meme coins, especially Pepe, Pnut, Doge and other currencies. At the same time, emerging fields such as on-chain art and AI are also rising rapidly.
With the strong rise of Doge, the Meme coin market has exploded, the market's imagination of Meme coins has become more and more broad, and investors' attention has continued to increase.
However, how long will this wave of Meme coin market last?
Generally speaking, when some large public chains or VC institutions begin to enter the Meme coin market, it may mean that this wave of market will gradually come to an end.
At that time, investors can gradually transfer funds from Meme coins to more stable mainstream currencies, especially BTC or BNB.
It is worth mentioning that although BNB has risen slightly recently, its trading volume has increased significantly, and its future growth potential cannot be underestimated.
In addition, regarding the trend of Bitcoin's night-time rise, BTC has recently been observed to rise frequently at night, reflecting the continued inflow of funds from overseas institutions and central banks.
At present, Binance has not fully digested Coinbase's premium, which indicates that a bigger market is brewing.
According to the current trend, it seems to be only a matter of time before Bitcoin breaks through $100,000!
From November 12, 2024 to early January 2025, this period will be a key node in your life, and perhaps the best opportunity for ordinary people to change their destiny.
At present, the Meme coin in the currency circle is developing rapidly, just like stars twinkling in the night sky. If you wait until the real trend starts before entering the market, you may miss the best time.
If you don’t have talent, you must also learn to follow the trend! Once the opportunity comes, you must act decisively.
If you don’t even have the courage to stand on the stage to show yourself, and just stare at market information and brush information every day, what’s the point? Trading is not just copying other people’s strategies. The most important thing is to understand your own heart. Only by overcoming the weaknesses in human nature can you improve yourself.
No matter how many theories you learn or how many books you read, you still have to rely on your own judgment and courage in the end.
Several meme coins that have not risen significantly include:
1. People: After a long period of washing, there has been an adjustment period of about half a year. It is currently in a stage of accumulating momentum and may usher in an explosion in the future.
2. Neiro: Inheriting the concept of Dogecoin (DOGE), it is currently very popular and is a potential coin worthy of attention. You can consider laying out in advance.
3. 1MBabyDoge: The technical trend is very strong, and it was launched on Binance in September. With the increase in market attention, it is expected to have explosive growth, and it is worth ambushing moderately at the current stage.
Summary: Judging from the current market dynamics, the above three meme coins have the potential to increase by at least twice. The current meme coin market is similar to the craze of inscriptions at the end of last year, and is full of huge opportunities.
Paying attention to Bitcoin (BTC) is mainly to grasp the overall trend of the market. Although it is volatile, its operability and profit margin are not the most attractive for most retail investors.
For retail investors, it is more important to pay attention to Meme Coins.
The financial market essentially relies on the promotion of imagination and market sentiment, and Meme Coins are the product of this sentiment. Their rise often exceeds fundamentals and relies on community consensus and the popularity of social media.
Coins such as DOGE, PEPE, PNUT, ACT, etc. are all meme projects worthy of attention.
Their trends are full of uncertainty, but they also contain huge speculative opportunities.
$NOT is currently trending quite strongly! After three months of decline, the price has hit the bottom several times and is now gradually breaking through, showing signs of reversal.
The current price is around 0.0083, which is a good time to pay attention to the spot.
According to the current trend, it may continue to rise in the short term, which is worth paying close attention to.
The "squirrel effect" is sweeping the crypto market! $PNUT soared 300% in one day and became the focus of the market! All this originated from Elon Musk's remarks that "it was a squirrel that saved America". $PNUT was immediately launched, igniting the entire Solana ecosystem. Coins such as $FRED, $SHRUB, and $OPK rose by more than 1000% in just one day.
This is not just a crazy story of a Meme coin, but also a reflection of the strong vitality of the Solana ecosystem.
Why did $PNUT suddenly soar?
Musk's influence: A simple tweet ignited market sentiment, and $PNUT received unprecedented attention and became the focus directly.
Solana's ecological advantages: The Solana chain provides a rapid growth environment for Meme coins with its high efficiency and low transaction fees, which promotes the value of these coins.
Community-driven: The surge in $PNUT is due to the strong community support and consensus behind the Meme coin. The promotion of market sentiment is the key factor in its success.
Investment Potential of Meme Coin
Meme Coin is not only dependent on market sentiment, but also finds opportunities for value growth in the Solana ecosystem. As the Solana chain operates efficiently, more Meme coins will be able to grow on this platform.
This phenomenon shows the potential of Meme Coin as an on-chain financial instrument, especially with the support of the Solana ecosystem.
- Although Meme Coin has the potential to soar, its market volatility and uncertainty are still very large. When investing in these high-risk assets, it is necessary to operate with caution and manage risks reasonably.
This market phenomenon shows that Meme Coin is not only a product of market sentiment, but also has the potential to become a unique investment category in the crypto market.
On the daily chart, the key pressure level of ZK is in the range of 0.151 to 0.154.
If this area is broken, the price may rise further to around 0.2.
At present, judging from the trend at a small level, ZK is in an upward trend, so you can consider opening a long position at the market price with a light position and observe the performance of the upper pressure level first.
In the cryptocurrency world, if you want to quickly make 200,000 yuan with 2,000 yuan, you almost need extremely high luck and bold strategies.
In fact, there are only a few ways to achieve such huge profits, but each one is full of risks, like walking on a tightrope:
1. Betting on the surge of unpopular coins: Use 2,000 yuan to invest in those small currencies that are not well-known, hoping that they will suddenly explode one day and increase by hundreds of times.
This method is similar to gambling. If successful, you can make a lot of money, but if you fail, you may completely lose your principal, which depends entirely on luck and market fluctuations.
2. High-leverage contract trading: Use 2,000 yuan as a margin, add leverage to magnify funds, and bet on the short-term rise and fall of the market.
This is an extremely high-risk operation. If successful, it can quickly magnify the benefits, but if it fails, it may lead to the annihilation of funds and even face the risk of liquidation.
3. Invest in early potential projects: Invest 2,000 yuan in those start-up projects with great potential, hoping to get rich returns after they grow.
However, this opportunity is as rare as winning the lottery. It is difficult for ordinary investors to identify which projects have real potential based on intuition or experience, and they are often easily confused by fake projects or market hype.
In summary, to achieve the transformation from 2,000 yuan to 200,000 yuan, it almost depends on extremely high luck and extremely risky investment strategies. The risk is huge and it is not recommended to try it easily.
At present, the capital sentiment on the entire Solana chain is very hot, and the market seems to be in a hungry state.
Large-cap memecoins, such as $LUCE, $BAN, and $DOGE, have been pushed up, and the increase has exceeded many people's expectations.
1. After Bitcoin broke through $9,000 in a single day yesterday, it continued to rise strongly today, with a maximum increase of more than $6,000, successfully breaking through $90,000 and standing firm near $93,000, and then a pullback occurred.
2. Ethereum (ETH) performed weakly and began to fall back, leading the decline among the top four currencies.
3. The activity of the Solana chain has reached an extreme FOMO (fear of missing out) state, and the market is enthusiastic. It is expected that the historical high (ATH) will be broken soon.
The next strategy is to ambush these potential meme coins:
1. After the US election, Musk may change his profile picture and add a small bell, so pay close attention;
2. Pay attention to foreign news about small animal protection. Once it is on the news, immediately look for relevant CA (community or token);
3. Screen 100 meme communities, select 10 potential coins, wait for a callback to enter the market, and bet that they can be listed on Binance.
Summary: Quickly intervene through real-time information on the chain, lock the principal, leave some profits, and bet that they will eventually be listed on Binance.
At the current price of 0.00238, you can consider entering a long order, set the stop loss at 0.00225, and look at the target position at 0.0028.
At present, the small-level callback is close to completion, and the 4-hour level has also completed the needle closing. It may rebound at any time and start the upward trend.