The volatility in the crypto market is most evident in POWER coins. Initially facing resistance around 0.22, it then experienced a strong rebound, jumping from the biggest losers to the biggest gainers, with the entire process full of oscillations and shakeouts.
The trading logic for such highly volatile assets essentially boils down to two keywords: trend and timing. The strategy of chasing the rally on the right side indeed yielded good returns in this wave, and doubling your investment in the short term is not surprising. But the problem is that large gains are often accompanied by pullback pressure. After doubling, taking profits promptly has become a common practice among many traders.
POWER's current trend still has points of interest, but the premise is to have a clear trading plan and risk management. If you hold positions but lack a definite strategy, the key is to understand your entry and exit logic, rather than being driven by market sentiment.
Recently, the performance of coins like AT and TRU is also worth paying attention to, and the overall sector's correlation is worth continuing to monitor.
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PanicSeller
· 12-27 10:08
It's the same old story, run after doubling? I believed it last time and I'm still taking flying knives now.
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bridgeOops
· 12-27 07:50
Double up and run, that's the truth. Being carried away by market sentiment is also incredible.
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GhostAddressMiner
· 12-27 07:49
The 0.22 resistance level was broken very cleanly. Have you seen that on-chain fund transfer? Early coin-holding addresses suddenly woke up, it really has that feel.
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GasFeeCry
· 12-27 07:44
Hey, I really missed the chance to catch this round of POWER's shakeout. I sold early.
Doubling your gains should mean taking profits; greed's outcome is just eating noodles.
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BagHolderTillRetire
· 12-27 07:42
Here's the POWER brainwashing article again. I've already bottomed out at 0.22, so I don't need your reminder at all.
Double and run? Dream on, this time it's more than doubling.
That safe withdrawal talk is getting old; real profit-makers never follow the usual patterns.
AT and TRU are also watching, but they feel POWER's move this time is more aggressive.
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MetaMisery
· 12-27 07:42
If you're going to double, you should run. Greed is the devil.
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MysteriousZhang
· 12-27 07:34
Run when it doubles, that's a painful lesson, brother.
The volatility in the crypto market is most evident in POWER coins. Initially facing resistance around 0.22, it then experienced a strong rebound, jumping from the biggest losers to the biggest gainers, with the entire process full of oscillations and shakeouts.
The trading logic for such highly volatile assets essentially boils down to two keywords: trend and timing. The strategy of chasing the rally on the right side indeed yielded good returns in this wave, and doubling your investment in the short term is not surprising. But the problem is that large gains are often accompanied by pullback pressure. After doubling, taking profits promptly has become a common practice among many traders.
POWER's current trend still has points of interest, but the premise is to have a clear trading plan and risk management. If you hold positions but lack a definite strategy, the key is to understand your entry and exit logic, rather than being driven by market sentiment.
Recently, the performance of coins like AT and TRU is also worth paying attention to, and the overall sector's correlation is worth continuing to monitor.