Sun and Moon Xiao Chu: Why do I continue to add positions in the pullback of $PNUT and $ACT?

Bitget App

Trade smarter

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

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!

Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.

Cryptopolitan•2024/11/24 03:44

Spot Bitcoin ETFs see record $2.42B inflows as Chinese ETFs suffer historic $2B outflows

Share link:In this post: Spot Bitcoin Exchange Traded Funds saw almost $2.5 billion in investments in a single week. However, the Chinese ETFs have seen a series of outflows, amounting to $2 billion worth of withdrawals. The Bitcoin rally helped elevate the spot ETF market, especially with Bitcoin close to reaching $100000.

Cryptopolitan•2024/11/24 03:44

The clash of Bitcoin and benchmark stock indexes

Share link:In this post: The S&P 500 is up 25% this year, with financial and cyclical stocks leading, boosted by optimism around a Trump administration and steady economic growth. Bitcoin has surged 40% this month, nearing $100,000, driven by aggressive trading, retail investor enthusiasm, and headlines hinting at government support. MicroStrategy’s stock hit a $100 billion market cap, tripling its Bitcoin holdings’ value, but its wild 32% drop from intraday highs shows cracks in the frenzy.

Cryptopolitan•2024/11/24 03:44