I narrowly escaped this major drop thanks to my strong respect for futures contracts. With US stocks, gold, and Bitcoin constantly reaching new highs, establishing long positions at high levels to capitalize on the long-term spot trend is like navigating a small boat in the vast ocean.
Furthermore, BTC's decline back to its highest point after breaking through this new high was already a strong enough risk signal. Conversely, my short position at 124,000 kilos was taken profit at 122,000 kilos, escaping the crisis (Figure 2).
Centralized accounts only have spot trading on #OKB. DEXs have been the main battlefield recently, and we've also seen success. Keep building!
I'm still a technical blogger!
#PALU is starting to form a technical candlestick pattern. The hourly bullish flag pattern with a 50M horizontal resistance level suggests a takeoff. A breakout could signal a takeoff.