Brothers, wake up!
Don't just focus on the few cents fluctuations in the K-line chart! Just last night, Binance's former boss CZ personally confirmed that the amount invested in ASTER far exceeded 2 million dollars!
This is not a rumor; it's an official response! What does this mean? The trend is still there, but don't rush in blindly!
Directly on the news front:
This is not short-term trading; this is a long-term bet with real money. He didn't buy just 2 million; it's 'more than 2 million', and he continued to buy even after the tweet was posted. The signal this sends to the market is: 'This position, I still believe is the bottom.'
Any action by CZ is a headline in the crypto world. His continuous buying is the best advertisement, attracting massive attention and following funds, creating a 'FOMO' sentiment. The news is no longer just setting the atmosphere but is directly igniting the fire!
Combining the one-hour chart, Mig gives you a clear view: today's market is likely to follow the script of 'news-driven surge, technical pullback confirmation, and bulls exerting force again'.
Technical analysis:
The overall trend is upward, which is fine. The MACD is showing a golden cross below the zero line, indicating the 'engine' of the rebound has started. But now it's close to the overbought area, like a car climbing a steep slope; after pressing the accelerator, you need to ease off, or the engine will overheat.
Key question answer:
Can it reach 0.955 or even 0.978? Yes!
With the boost from CZ's news, the sentiment is high, and it is completely possible to directly surge and test or even break through 0.955 in the morning. However, when it first touches the previous resistance level of 0.978, it will likely face strong selling pressure.
Will it drop to 0.91 or 0.89? It's possible, but the nature is different!
If there is a direct negative crash, it would look for 0.89. But under the current positive backdrop, there is a greater possibility of a healthy pullback after a high surge. For example, if it rises to 0.96 and then weakly retreats, it might seek support in the 0.92-0.91 range, washing out the uncertain chips, then regrouping for another rise.
So, don't panic when you see a pullback; distinguish whether it's a 'trend reversal drop' or 'upward shift'.
Mig's personal view: If it stabilizes above 0.94 in the morning, it is expected to first test the resistance level of 0.955. If it breaks through with volume, 0.978 is not impossible. But if it surges and then retreats, falling below 0.925, it may pull back to 0.91 as the first support. If it can't hold here, it would test the 0.89 bottom. However, with the support of big players, the probability of a deep drop is low.
How should retail investors play?
If you are already in, hold tight and don't panic, set a trailing stop loss to let the profits run.
If you haven't entered yet, don't chase the high! Wait for a pullback to the 0.91-0.92 range to consider buying in batches, don't go in heavy, and keep some dry powder.
Remember one thing: just because a big player buys doesn't mean there will be an immediate surge, but it does indicate that this coin has potential. Patience is more important than anything!
Mig has been monitoring the market, feeling that there will be a small climax today, but whether it will truly break through depends on whether the volume supports it.
I have a more precise entry point and dynamic strategy here. Brothers who want to follow, pay attention to Mig; Mig will announce daily coin types, entry points, and exit timing in the chat room and village!!
