The selling wave yesterday was noticeably weaker. There's a high probability of a rebound in the next couple of days. If you want to try for some gains, you can take a light long position and focus on watching for a choppy rebound. But remember—if the price can't keep rising, get out quickly, don't hold on stubbornly.



Why am I bullish now? Mainly because the next round of deep correction has been pushed back in the timeline; it won't come so soon. In my view, there are two scenarios: either the price consolidates in this range for a few days, or it goes up to make a new high. After this fakeout rally plays out, the real main downtrend will start.

From a technical perspective, those bearish signals haven't reached their target levels yet. Before a major drop, the market usually needs some time to consolidate sideways.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
tx_pending_forevervip
· 12-09 02:16
Let it be weak, I’m just waiting for that bull trap to play out. The main downtrend is the real show. Going long now is simply gambling on a rebound—if you lose, just cut your losses. Trying with a light position is fine, but don’t go all-in. In this kind of market, going all-in is just asking for trouble. If it consolidates for a while before dropping, just watch for now—it’s not going anywhere. “There’s nothing wrong with exiting when the price can’t go up.” The real worry is not wanting to exit when the time comes. The current bullish outlook is only temporary. The real focus is the main downtrend. If there’s a rebound, just take some profits. Greed is the biggest taboo. If the time window gets pushed back, then keep grinding it out—no rush. I’m actually curious to see how far this bull trap can go.
View OriginalReply0
VitalikFanAccountvip
· 12-08 02:27
A light long position is okay, but I still think this rebound is just a bull trap. Feels like we're waiting to get stuck.
View OriginalReply0
ProofOfNothingvip
· 12-06 02:49
Just try with a small position, don't follow the crowd and go all in. If you can't catch the rebound and end up losing money, it's not worth it. If the price can't go up, get out immediately. This kind of discipline is most important; greedy people always get trapped by bull traps. Is this round going to drag on for a few days and then dump again? This looks like a copy-paste pattern. The main downtrend is still far off, just wait for sideways movement first, what's the rush? That's right, the technicals haven't given any strong signals. It's safer to just dabble in longs for now. I've seen too many bull trap tricks, yet some people still really believe it can go higher? When the rebound comes, quickly reduce your position. Don't think about catching the bottom.
View OriginalReply0
LostBetweenChainsvip
· 12-06 02:45
Try a small long position, but I’m never greedy with this kind of rebound—if it stops rising, I’m out in seconds. --- It’s the same old bull trap routine. Seen it too many times. Just wait for the main downtrend to arrive. --- Sideways consolidation again—same old talk. Fine, I’m watching closely. --- Deep pullback postponed? Then these couple of days are just a gamble. Anyway, with a light position, I can’t lose much. --- Which of these two scenarios will play out? Honestly, no one can say for sure. Just don’t hold stubbornly. --- Whether it drags on for a few days or pushes a bit higher, both seem possible. The key is not to be greedy. --- The bearish signal hasn’t appeared yet, so just keep waiting. No rush anyway. --- I want to catch some of this rebound too, but if it shows any weakness, I’m out immediately. --- The time window has been pushed back—sounds like we’re in for another wait-and-see phase. --- The bull trap before the main downtrend always gets me every time.
View OriginalReply0
failed_dev_successful_apevip
· 12-06 02:38
Try a small position on longs? Bro, I've heard too many "small position" stories—they all end up going all-in. If there's going to be a rebound, just let it happen. Stop dragging it out—either pump or dump. This sideways movement is the most annoying. Just hearing the term "bull trap" makes my skin crawl. Last time someone said that, I got stuck holding the bag. Waiting for the main drop, huh? I'll just go to sleep and check later. When I wake up, it'll either moon or go to zero. Leaving when it can't go up anymore—sounds easy but it's tough to actually do, bro.
View OriginalReply0
defi_detectivevip
· 12-06 02:38
A weak sell-off is actually a signal to enter the market—I can buy into that logic. But the real test is still execution; trying out with a light position is the way to go, only risk what you can afford to lose. When the rebound comes, don’t get greedy; if it can’t go up any further, get out immediately. That’s straightforward enough. I’ve seen too many people suffer from holding on stubbornly. The tricks to lure in buyers are old news; the key is still to stick to your stop-loss line. You need to have a sense of how long this sideways bottoming phase might last. A sell-off with no strength is the scariest—it often means a big move is brewing, so be extra cautious. Should we take the initiative and act on this rebound over the past couple of days? It feels a bit risky to me. If the deep correction gets pushed back, doesn’t that mean we’ll have to keep waiting and grinding? That’s pretty tedious. The bearish signal hasn’t shown up yet. To put it plainly, the bottom isn’t in, so just keep waiting. A rebound is just a chance to escape—this approach makes sense to me. Testing the waters with a small position is fine, but going all-in is just a gambler’s mentality.
View OriginalReply0
NftBankruptcyClubvip
· 12-06 02:35
Weak rebound? Same old story. This is the easiest time to get lured into going long, so I'll just wait and see. Trying a small position is fine, but don’t get blinded by the rebound. The real sell-off is still ahead. Dragging on for a few days and pushing the price up a bit—just listen and don’t take it too seriously. When the main downward wave comes, no one can escape. Better protect your principal for now. The technicals are indeed a bit strange this time, but I still feel that after some sideways consolidation, it’ll get even more brutal. Be prepared. Selling on the rebound? Easier said than done. Everyone wants to make a quick profit, but usually ends up stuck at the top. I understand the bullish logic, but it feels like a trap is waiting just ahead. It never hurts to be cautious. “Luring longs” is the perfect term—pretty much every rebound is just a way to trick retail investors into buying in.
View OriginalReply0
gas_guzzlervip
· 12-06 02:33
I agree with the idea of holding light long positions, but don’t get trapped by a bull trap and become cannon fodder, bro. The saying “run if it can’t go up” is spot on—so many people fall into the trap of “let’s wait a little longer.” The real downturn comes after the bull trap; we’ve seen this pattern way too many times. Pump it up a bit and then it plunges—really intense stuff. By the way, how many days do you think this rebound can last? The sideways movement lately from a technical perspective is really frustrating—nothing is clear. Whether it drags on for a few days or makes another high, the key is still the trading volume. The phrase “run quickly” is more effective than any analysis.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)