Sun and Moon Xiao Chu: Why do I continue to add positions in the pullback of $PNUT and $ACT?

Bitget App

Trade smarter

Twitter Opinion Selection2024/11/23 02:23

By:Twitter Opinion Selection

Riyue Xiaochu shared his latest views on $PNUT and $ACT, analyzed the reasons for the current market correction, and explained why he chose to add positions during the correction.

Market performance and reasons

PNUT and ACT have performed poorly recently, and many investors have chosen to cut their losses and exit.

He believes that this kind of correction is normal, mainly because:

After a large increase, there will be a natural adjustment, and a pullback after going up is inevitable.

There are many KOLs shouting orders in the market, attracting a large number of retail investors to enter the market. The market makers need to clean up the floating chips through washing the plate.

Why choose to add positions?

The decline is a good opportunity to add positions, not a time to panic sell.

He believes that $PNUT and $ACT are rare high-quality targets in the current market and worth heavily investing in.

Investment belief

In the bull market, only by identifying high-quality projects and daring to heavily invest can real profits be achieved.

See the original text: https://x.com/riyuexiaochu/status/1860138067702743180

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.