Market News | Daily Main Token Trends Overview

2023-08-08, 02:35

The article is reprinted from the daily market overview of W-Strategy who is a guest streamer of Gate.io, a senior strategy analyst of cryptocurrency, and the founder of Wcollege. The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

*The article is the original content of W-Strategy. Gate.io is only for reprint and distribution, and the copyright belongs to the author himself.

BTC

Condensed Commentary: Continuing to converge at the terminal, awaiting a turning point for directional decision. Aggressive long entry strategy: $28,550 USD; Aggressive short entry strategy: $27,950 USD, with a continued view towards the $26.5K USD level.

科太幣

Condensed Commentary: CryptoCoin demonstrates strength on the news front, noting a clear short-term high convergence. Anticipate a breakout formation post noon, suitable for single entry. Upside targets are set at two key levels: $0.002574 USD (note: 7 decimal places) and $0.003020 USD.

LPT

Condensed Commentary: Daily chart showcases a strong upward move, breaking new highs over the past four months. Short-term peak around $6.88 USD level, while maintaining support around $5.20 USD. Potential for further ascent towards $7.35 USD, noting caution if short-term volume contraction leads to price decline, indicative of bearish sentiment.

KAS

Condensed Commentary: Recommended entry level at $0.4250 USD. Continuing to set historic highs this week, with a potential weekly retracement pattern. Conservative strategy suggests profit-taking, while an aggressive approach targets $0.057355 USD and $0.061355 USD.

YGG

Condensed Commentary: Achieved the $0.97786 USD daily target yesterday, followed by a significant pullback to the $0.33290 USD level, involving 7 market makers. Market dynamics suggest active participation in the contract market, recommending profit-taking for those who have gained in the short term.

XCN

Condensed Commentary: Continued convergence on the 4-hour chart, with a potential W-bottom bullish pattern forming. Short-term accumulation advised, expecting convergence to conclude in mid-August. Sequential upside targets include: $0.00126 USD, $0.00152 USD, $0.00172 USD, $0.00195 USD.

PEPE2

Condensed Commentary: Entered a short position at $0.002001 USD, achieving historic lows at $0.001601 USD this week, with a realized profit of 46.36%. The bottom target lies at $0.002955 USD, maintaining a bearish view on rebounds from higher levels.

UNIBOT

Condensed Commentary: The 4-hour chart exhibits an upward convergence pattern, briefly surpassing the key neckline at $157.56 USD. Short-term attention recommended, conservative long strategy advises waiting for a breakthrough of the previous high, subsequently targeting $213.81 USD, $290.16 USD, and $335.56 USD.

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Author: W-Strategy

*This article represents only the views of the author and does not constitute any investment suggestions.

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