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The new year's market start has been quite good. Altcoins, driven by the meme concept, have finally reversed their long-term downward trend and experienced a noticeable rebound. PEPE's strong performance has injected a lot of popularity into the entire market, and this surge is indeed a release of long-held pressure.
But honestly, although the momentum is good, the 630 level is a hurdle. If your position is relatively heavy, you should consider taking profits in stages now and avoid greed.
The key is to see what level of market this rebound represents. If it's a weekly-level rebound, there should be another one or two weeks for the coin price to continue rising. Looking at PEPE, the levels of 800, 880, and 1000 are quite obvious resistance zones. When reaching these levels, you can consider reducing your position or opening short positions to hedge risks.
To be honest, the fundamentals haven't changed much. Liquidity remains tight, and the leading cryptocurrencies BTC and ETH haven't shown true strength yet. This rebound is more about the market’s existing capital playing games; no new liquidity is entering, so essentially, it's a technical rebound after being oversold. In this kind of market, short-term long positions and medium- to long-term short positions are the right approach.
PEPE this wave is indeed exciting, but don’t be fooled by false prosperity, everyone.
Existing funds are just cutting each other’s leeks; without new money entering, everything is nonsense.
Short-term excitement, but in the long run, just wait to get cut.
Now, those who dare to go all-in are either gamblers or fools.
Wait a minute, could it actually be different this time... Nah, better listen to the older brother and reduce positions.
PEPE to 1000? Dream on, I think even 800 is difficult.
Existing funds are lifting each other up; I'm just watching and laughing.
They want to call for a bull and open short positions for hedging— isn't that just gambler's self-deception?
Even with liquidity tightness, they still dare to chase PEPE; they've got water in their brains.
Short-term bullish, long-term bearish—translate that as being ready to cut losses at any time.
Don't be fooled by the rebound; this is just a dead cat bounce from an oversold condition.
Popularity is popularity, but liquidity really hasn't improved... It’s fine for short-term gains, but long-term outlook remains bearish.
It's safer to reduce positions when PEPE hits 800, greed will only lead to failure.
Currently, it's still existing funds cutting each other, wait until BTC truly stabilizes before making moves.
Short-term bullish, long-term bearish, this rhythm is fine.
Rebound is just a rebound; without new liquidity entering, it's just false fire. Still, we need to be cautious.
If PEPE can really reach 1000, I’ll go all in, but honestly, short-term longs and longs are the way to go.
Existing funds are just moving around, and no leaders have emerged. This rebound is just a technical release.
Don’t be fooled by the hype; selling in batches is better than holding on.