In the current market environment, many cryptocurrencies are indeed not suitable for long-term holding, especially small-cap sentiment tokens that are highly volatile. On the @WEEX_Official platform, if you manage to grab an airdrop or the initial launch of a new coin, take profits promptly when there is profit. Swing trading is a more prudent approach.
$FORM is a typical small-cap sentiment token, which surged 40% the day before and has now retraced to around 0.38, with about a 10% increase over the past 24 hours. However, be aware that there has been over $10 million in net capital outflows, indicating significant selling pressure. Its market cap is light, and volatility is intense, so blind long-term holding is not recommended.
$IR has stronger fundamentals, serving as the core infrastructure (Infrared Finance project, focusing on liquidity staking and other yield layers) of the PoL ecosystem on Berachain. It has gained 32% in 24 hours, and community bullish sentiment is as high as 84%. With actual narratives and functional support, it is more stable than pure sentiment tokens and is worth paying attention to for ecosystem development.
$pippin exhibits obvious "hot stock" traits; while others form double tops, it has formed a double bottom pattern. Rumors suggest the team holds 80% of the tokens. It previously fell 40%. Although large investors are accumulating at low levels, the RSI has entered the overbought zone and a bearish divergence signal has appeared. Short-term correction risk is high, so caution is advised when chasing gains.
Overall, the current market faces considerable selling pressure. Focus on short-term swing trading, and risk control is the most important. Do your own research (DYOR). This is not investment advice!
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In the current market environment, many cryptocurrencies are indeed not suitable for long-term holding, especially small-cap sentiment tokens that are highly volatile. On the @WEEX_Official platform, if you manage to grab an airdrop or the initial launch of a new coin, take profits promptly when there is profit. Swing trading is a more prudent approach.
$FORM is a typical small-cap sentiment token, which surged 40% the day before and has now retraced to around 0.38, with about a 10% increase over the past 24 hours. However, be aware that there has been over $10 million in net capital outflows, indicating significant selling pressure. Its market cap is light, and volatility is intense, so blind long-term holding is not recommended.
$IR has stronger fundamentals, serving as the core infrastructure (Infrared Finance project, focusing on liquidity staking and other yield layers) of the PoL ecosystem on Berachain. It has gained 32% in 24 hours, and community bullish sentiment is as high as 84%. With actual narratives and functional support, it is more stable than pure sentiment tokens and is worth paying attention to for ecosystem development.
$pippin exhibits obvious "hot stock" traits; while others form double tops, it has formed a double bottom pattern. Rumors suggest the team holds 80% of the tokens. It previously fell 40%. Although large investors are accumulating at low levels, the RSI has entered the overbought zone and a bearish divergence signal has appeared. Short-term correction risk is high, so caution is advised when chasing gains.
Overall, the current market faces considerable selling pressure. Focus on short-term swing trading, and risk control is the most important. Do your own research (DYOR). This is not investment advice!
Weex invitation codes are as follows:
#FORM #PIPPIN #IR #WEEX #CEX #crypto