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Market Caution and Strategy Amid Uncertainty
The market's reaction to uncertainty remains predictable, with most positions closed and only a comfortable long position on $SUI maintained. Interestingly, the market often confuses traders, as evidenced by a -10% stop-out on a Bitcoin short yesterday, only for the setup to validate today. This reiterates that during sideways movements, it's better to abstain from decisions, but at the borders, attempts can be made. The day proceeded without surprises, aligning with the earlier warned correction. The market appears to be manipulated towards the month's end, aiming to portray weakness, yet caution is advised against rushing into shorts since positive news about tariffs could turn summer into a season for altcoins. Currently, observing and using stablecoins in preferred instruments is the best approach.
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AI Analysis
The recent market behavior highlights the inherent challenges traders face during periods of low volatility and uncertainty. The cautious stance of closing most positions and only maintaining a long o...
AI Recommendation
Given the current market conditions, it is prudent to adopt a cautious stance. Traders should consider avoiding new positions during sideways or uncertain phases, focusing instead on observing market ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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