From a technical perspective, DOT has already formed a clear bullish structure on the hourly chart. After a one-day correction, a rally is likely to occur in the evening. It is recommended to set a stop loss at the key level of 2.05.
ICP is also worth paying attention to. The price is expected to rise after retracing to the support zone around 3.05. If the support is confirmed to be effective, consider going long with a stop loss at the round number 3.
In contrast, the trend of IP appears to be somewhat unique. This coin has been consolidating at high levels for quite some time and has not followed the broader market to break upward. Given the long correction cycle, from a medium-term perspective, the probability of a reversal seems higher rather than a simple consolidation. Therefore, the primary bias is to consider short positions, with the previous high of 2.272 serving as a stop loss reference.
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ForkMaster
· 01-04 09:27
Good idea, but don't be fooled by the daily chart. I already got burned here at ICP a few days ago. The 3.05 support looks a bit shaky to me, and the project team has been doing some fundraising lately, which feels suspicious. As for DOT, it's okay to follow, but I'm just worried about getting caught at a high position—I've seen this trick too many times in fork arbitrage. Shorting IP? Sure, I don't have a long-term outlook anyway, so let's just wait and see a reversal.
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ChainWatcher
· 01-04 02:39
After so much technical analysis, I still believe that getting in early is more important than analysis... Can DOT rally tonight? To be honest, I'm not very sure.
Can ICP really hold at around $3? Every time, it's said that the support is effective, and then... never mind, I won't say more.
After such a long adjustment, do you really dare to short IP? Those holding at high levels are just waiting for a rebound to cut their losses.
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ForumMiningMaster
· 01-03 15:52
DOT's bullish structure is indeed clear this time. Just worried about another false breakout tonight; if the 2.05 level can't hold, just cut losses directly.
ICP trying to rebound after retesting 3.05? It depends on whether the trading volume is strong enough; otherwise, it might just be a repeated pinning pattern.
IP is really interesting. After such a long correction, it still hasn't risen... Feeling like shorting might be risky too, afraid of a sudden surge from the bottom.
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RegenRestorer
· 01-03 15:42
Sigh, the bullish structure of DOT this time looks okay, but I'm worried about another crash overnight. The 2.05 stop-loss level feels a bit tight.
I'm optimistic about ICP's rebound. Whether the support can hold is the key, so I'm willing to gamble.
IP has really been stretched for too long. Brothers, it's definitely time to consider a reverse strategy.
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PessimisticLayer
· 01-03 15:35
Is DOT going to rally tonight? Uh... it's the same old story, they said the same last time haha
Whether ICP's support is reliable or not is hard to say. I won't touch it anyway.
Shorting IP? Fine, just wait to be hammered in the opposite direction. This coin is a bit tricky.
From a technical perspective, DOT has already formed a clear bullish structure on the hourly chart. After a one-day correction, a rally is likely to occur in the evening. It is recommended to set a stop loss at the key level of 2.05.
ICP is also worth paying attention to. The price is expected to rise after retracing to the support zone around 3.05. If the support is confirmed to be effective, consider going long with a stop loss at the round number 3.
In contrast, the trend of IP appears to be somewhat unique. This coin has been consolidating at high levels for quite some time and has not followed the broader market to break upward. Given the long correction cycle, from a medium-term perspective, the probability of a reversal seems higher rather than a simple consolidation. Therefore, the primary bias is to consider short positions, with the previous high of 2.272 serving as a stop loss reference.