Sats Coin Has Dropped to New Lows, Where is the Right Place for a Retracement? You need to understand this experience of playing Level 2!

The market continues to decline, and SATS currency has fallen below a new low. Since SATS currency has not experienced a deep washout after being listed on the major exchanges, there are too many profit-making orders. Without a thorough washout, it will be difficult to achieve a rebound. ORDI currency was previously listed on the exchange, reaching a maximum price of $29, and then fell back to about $3, a drop of approximately 90%. It didn’t pick up until it was listed on Binance.

If the sats currency is washed like the ordi currency, one more 0 will be added to the lowest point. But after all, after all, the first big exchange on sats is the largest in the world, so there will be more buying orders when it falls. Personally, I feel that the callback position should be around 0.00025. What do you think?

According to the current market situation, for those coins whose main trading volume is on CEX, if they have experienced surges or hit new highs some time ago, you will have to wait for at least the next month. Transactions should be conducted with extreme caution.

The more eye-catching the market performance is, the more popular the community discussion is, and the more the market value ranking is improved, you should delay the trading time and don't rush in to buy the bottom, even if it falls by 30% to 40%.

1) In the general rise caused by market fomo sentiment, some coins are indeed due to their own increased buying, while some coins benefit from the overall market.

In this market situation, the portrait of the people holding chips will become more complicated, which is also a huge test for traders.

3) The current market decline is not entirely due to selling on the bright side of Grayscale, but more due to emotions. Bookmakers will choose to reserve as much cash as possible.

4) For this type of target, it takes at least a month for the banker to clean up the floating chips and profit margins, and it can even take half a year. For example, a certain ido concept target starting with A that performed extremely well before, The next few months will be garbage time. If you like to trade on CEX, what should you focus on at this time?

Don’t touch those two types of stocks that have skyrocketed on their own initiative a while ago, and those that have been coerced into rising prices. Apart from these two types of coins, among the remaining targets, choose some with strong financial strength and acceptable fundamentals.

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