Recently, I've had my eye on this coin PIPPIN, the weekly chart is truly pleasing to the eye.
You said this thing has already gone up a full 10 times, right? Yet the price is still as steady as a rock, even too lazy to give you a pullback. To be honest, this kind of trend is rare – usually, when altcoins go up three to five times, they start getting all kinds of spikes and washes, but this one has held up against all the selling pressure.
From a technical perspective, the weekly level is clearly brewing a breakout. The explosion after such consolidation is often the fiercest, as the chips have been sufficiently washed out. At this position, I really dare not touch a short position; isn't that seeking death?
The strategy is simple: go long with the trend. When it truly breaks out with volume, it could be another wave of bullish momentum. Of course, risk control still needs to be managed, but I don't think there's much to hesitate about in terms of direction.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Recently, I've had my eye on this coin PIPPIN, the weekly chart is truly pleasing to the eye.
You said this thing has already gone up a full 10 times, right? Yet the price is still as steady as a rock, even too lazy to give you a pullback. To be honest, this kind of trend is rare – usually, when altcoins go up three to five times, they start getting all kinds of spikes and washes, but this one has held up against all the selling pressure.
From a technical perspective, the weekly level is clearly brewing a breakout. The explosion after such consolidation is often the fiercest, as the chips have been sufficiently washed out. At this position, I really dare not touch a short position; isn't that seeking death?
The strategy is simple: go long with the trend. When it truly breaks out with volume, it could be another wave of bullish momentum. Of course, risk control still needs to be managed, but I don't think there's much to hesitate about in terms of direction.