Justswap Launch Disappoints Investors and Market Analysis for Major Cryptocurrencies
Madman's insights on currency prices, risk avoidance, and gradual accumulation
Justswap Launch Disappoints Investors
Justswap, the much-awaited platform, faced several technical issues shortly after its launch, resulting in investors losing their investments. Tuguo Coin, the currency on the platform, soon hit zero. The currencies related to Justswap, including Trx and Jst, also fell. Madman emphasizes the importance of continuous participation and learning to have the upper hand in such situations.
Expectation Management in Currency Prices
Madman explains the relationship between good news and expectations. If good news falls short of expectations, it becomes bad news, and if it exceeds expectations, the market will further push up prices. This is the expectation management of currency prices.
Priority is To Avoid Risk
Justswap is still solving problems, and Defi in China has been hit with a cold-water shower. To stir up another wave of enthusiasm in the short term requires a certain wealth effect, so avoiding risks is currently the priority, especially since the prices are not cheap.
Trading Requires Gradual Accumulation
Madman suggests as investors, we must learn to go empty and establish our own trading system to achieve steady progress. In the market, gamblers are ultimately eliminated.
Bitcoin dropped nearly 7% from its high point yesterday to its low point today, which is a very unpleasant trend.
Trend of Bitcoin
Justswap facing technical issues
Tether printed another 200 million USDT at night, but its effect was not as significant as before.
Market Analysis for Cryptocurrencies
Here's a brief analysis of the current market situation for some major cryptocurrencies:
Locked up the funds that chased above 12,000, so the probability of short-term new highs is not too large, and 12,000 becomes strong resistance again. Certain support at 11,600 means the market should mainly oscillate narrowly for the next 1-2 days.
Entered a relatively low state in the short term, but the approaching of 2.0 makes its long-term prospects promising. Short-term expectations are not strong, continue to be linked to Bitcoin, and overall, high-level consolidation is the main trend.
High-level consolidation continues, and it will take some time to achieve a new high.
Yesterday's plunge had a significant impact on market confidence, but today it has essentially stabilized in stages. However, high-level oscillation is still the main trend.
The rebound is over, and there is no new coin to drive the market, indicating that the market has entered a period of adjustment.
Still oscillating at high levels, but the continued high levels have made the bullish trend weak.
Watch whether JUST tonight will have a wealth effect. If not, it is likely to continue its weak adjustment.
Relatively strong, so it's recommended to hold the coin.
The doomsday tank was activated yesterday, causing the market to fall, and it is still weak. The market does not recognize the fork logic.
High-level oscillation is the main trend.
After the single coin became a joint coin, there was a lot of selling pressure and high-volume selling. This trend is not ideal. However, most exchanges require borrowers to repay quickly to prepare for the split, and many who borrowed coins to short the market will buy coins to repay, which is short-term good news for the coin price. Although the volume is not large, flies are also meat. The stage of making money is over, lower expectations, and wait patiently for the next buying point.
The article only represents the personal views of the author.
A Beginner's Guide to Cryptocurrency Trading
This guide is for educational purposes only and does not constitute investment advice. Investors should always conduct their own research and seek professional advice before making any trades.
Cryptocurrency trading can be a lucrative way to invest in the emerging world of blockchain technology. However, it can also be daunting for beginners. Here are some tips to help you navigate the world of crypto trading:
Do your research
Before investing in any cryptocurrency, it's important to do your due diligence. Look into the technology behind the currency, its purpose, and its history. Check out forums and social media groups to see what people are saying about the currency and its potential.
Keep an eye on the market
Cryptocurrency is a very volatile market, with prices fluctuating rapidly. Keep a close eye on the market and be prepared to act quickly if necessary.
Never invest more than you can afford to lose. Cryptocurrency is a high-risk investment and there are no guarantees of profit. Make sure to diversify your portfolio and spread your investments across multiple currencies.
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Use a reputable exchange
When trading cryptocurrency, it's important to use a reputable exchange. Look for exchanges that have a strong reputation, good security measures, and a variety of currencies on offer.
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Consider using a trading bot
Trading bots can help you automate your trading strategies and take advantage of market fluctuations. However, it's important to use a reputable bot and monitor it closely.
The world of cryptocurrency is constantly evolving, with new currencies and technologies emerging all the time. Stay informed by reading news articles, attending conferences, and following influencers on social media.
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By following these tips and staying informed, you can enter the world of cryptocurrency trading with confidence. Remember to always invest wisely and diversify your portfolio to minimize risk.