Sun and Moon Xiao Chu: Why do I continue to add positions in the pullback of $PNUT and $ACT?
Twitter Opinion Selection2024/11/23 02:23
By:Twitter Opinion Selection
Riyue Xiaochu shared his latest views on $PNUT and $ACT, analyzed the reasons for the current market correction, and explained why he chose to add positions during the correction.
Market performance and reasons
PNUT and ACT have performed poorly recently, and many investors have chosen to cut their losses and exit.
He believes that this kind of correction is normal, mainly because:
After a large increase, there will be a natural adjustment, and a pullback after going up is inevitable.
There are many KOLs shouting orders in the market, attracting a large number of retail investors to enter the market. The market makers need to clean up the floating chips through washing the plate.
Why choose to add positions?
The decline is a good opportunity to add positions, not a time to panic sell.
He believes that $PNUT and $ACT are rare high-quality targets in the current market and worth heavily investing in.
Investment belief
In the bull market, only by identifying high-quality projects and daring to heavily invest can real profits be achieved.
See the original text:
https://x.com/riyuexiaochu/status/1860138067702743180
0
1
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
BlackRock Increases Its Bitcoin Reserves to $58 Billion, CEO Predicts Strong Appreciation
Portalcripto•2025/01/29 10:22
DeepSeek AI Analysis Points to $500K Bitcoin by Early 2026
Yellow•2025/01/29 09:11
Dogwifhat (WIF) Holds Key Support With Significant Whale Buying: What’s Next?
CoinsProbe•2025/01/29 09:00
It’s Fed Decision Day Eve. All anyone can talk about is the AI selloff.
Chinese AI startup DeepSeek spurred a $1 trillion rout in US and European tech stocks yesterday
Blockworks•2025/01/29 08:55
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$102,354.85
-0.56%
Ethereum
ETH
$3,105.68
-2.03%
XRP
XRP
$3.03
-4.30%
Tether USDt
USDT
$0.9999
+0.00%
Solana
SOL
$228.33
-2.94%
BNB
BNB
$664.52
-1.36%
USDC
USDC
$1
+0.01%
Dogecoin
DOGE
$0.3236
-1.66%
Cardano
ADA
$0.9205
-2.67%
TRON
TRX
$0.2386
-2.53%
Bitget pre-market
Buy or sell coins before they are listed, including PLUME, J, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now