That weekend shakeout was pretty obvious—a fake breakdown that quickly bounced back.



This move makes me even more convinced that the price will keep pushing higher in the short term. There's a good chance we'll see 3250, right?

The rate cut expectations have already been priced in, and the uptrend is clear. It's just that price might consolidate around the resistance level for a while.

If you want to play it safe, I suggest placing limit orders. This strategy has been quite profitable lately. We're seeing fake breakouts and breakdowns one after another, with both longs and shorts getting whipsawed. Plenty of people are doubling their money in a day, but those who can survive a whole year are few and far between.

Longevity leads to real gains. Slow and steady is the way to keep your seat at the table.
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TheShibaWhisperervip
· 12-08 05:57
This fake breakout trick is all too familiar. Every time, there are people who fall for it. I don't go for this kind of chasing highs.
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OnchainArchaeologistvip
· 12-08 05:53
I've seen this fake breakout trick many times; in the end, you still have to look at the trading volume.
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ImpermanentPhilosophervip
· 12-08 05:52
Fake breakouts and fake breakdowns are really the best ways to fleece retail investors. I've seen plenty of people double their money in a day, but none of them last more than six months, haha.
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MiningDisasterSurvivorvip
· 12-08 05:46
I've been through all of this; this set of shakeout rhetoric is just the project's empty promises. 3250? Heh, back in 2018 I heard "this time it'll definitely go up to 5000" so many times. And what happened? Nothing but a mess. Those who doubled their money in a day got trapped during the mining crash long ago. Surviving a year isn't rare, it's just pure luck. "Slow and steady wins the race" sounds nice, but the only ones who actually make it to the table are those surviving on luck, like expectations of rate cuts.
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ParanoiaKingvip
· 12-08 05:40
The shakeout tactics are becoming more and more obvious. This time, the rebound really gave me confidence. 3250? Let’s wait and see, haha.
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