Welcome back everyone,
In my last blog, I shared a technical analysis of SUI token. If you haven’t seen that blog yet, I recommend checking it out because it will help you make better decisions if you are dealing in SUI. I shared a detailed analysis and the targets that SUI can achieve in the coming days.
Now, the market is recovering, and we are seeing Bitcoin, Ethereum, and the rest of the market coming back to the price points they were at a few days ago. The alts are still lagging behind. Even strong tokens are down by 10–15%, while Bitcoin is almost back to its previous level. It was trading around $118,000, and right now we are trading above $114,000. There is a resistance at $114.4k, which I will be watching for now.
On the shorter time frame, Bitcoin has to break this level first, and then the market may give us the opportunity to test $116,000 to $117,000. Only after that, the alts are likely to perform.
The time when alts used to pump crazily with just a small move in Bitcoin is over. This shows how the market is maturing, and why the alt season we have been waiting for may not come. This is actually a good thing in the long run, as it shows crypto adoption is growing steadily. The downside is that making huge returns like 20x or 40x is now unlikely. Realistic targets are more like 2x to 4x.
This blog is to wake you up if you are still dreaming about 5x, 10x, or even 20x returns. If you want to achieve 5x–10x on your portfolio, you have to play smart this time. Book your profits on time and set realistic targets. Start by aiming for 2x–3x on your investment, and then target an extra 50% on that total amount. This is how you can potentially reach 5x or even 10x.
Focus on Bitcoin, Ethereum, and other strong cryptocurrencies, as they can provide 15–20% moves. Once you make 2–3x, adding 40–50% on top of that can help you reach higher returns. This is my personal approach. The market can always surprise us, but right now it looks frustrating, and we should work with what we see, not just what we hope will happen.
Do your own research, see what works for you, and trade wisely.
Thank you and happy trading everyone!
