This $BANK … I really didn’t chase it. The pull up at the high level was indeed brutal. A lot of people think it could keep surging, but when I glanced at the order book, it felt a bit off.

After a spike at the hourly level, it’s clear that nobody is stepping in to pick up orders on top. After the big bullish candle, it couldn’t make new highs. Meanwhile, the trading volume started to shrink instead. MA5 and MA10 also began to turn down. The price broke below the short-term moving averages, which shows that the bulls aren’t as strong as before.

So I didn’t follow the market to chase. Instead, when the rebound proved powerless, I placed a short position in advance. As it kept falling afterward, this trade was also smooth and I took profit.

Looking at it now, BANK is still relatively weak in the short term. Even though there’s some support around 0.34, as long as it can’t reclaim and hold above 0.38, I’m still more inclined to believe it will continue to trade weakly after a rebound and keep consolidating lower.

Altcoins are the easiest to make people lose their cool. When they’re pumping, everyone thinks they can double again. The ones who truly make money are the ones who dare to wait and dare to give up on chasing. This time, setting up early feels way more comfortable than chasing the highs. #晒出我的合约收益 $BTC $ETH