Buy Crypto
Markets
Spot
Futures
Earn
Promotion
More
reward-centerNewcomer Zone
Feed HomeFlash details
Trader Ouyang Zhuabai: Bullish on the Storage Sector in the Medium to Long Term, Opportunity to Buy on Dips

BlockBeats News, August 6th. Renowned trader Ouyang Zhuai Bai published a post stating that he remains optimistic about the storage sector in the medium to long term and prefers to buy on dips. Regarding SPCX, rather than being bullish, it is currently more advisable to prioritize being bearish, mainly due to a large number of shares about to be unlocked.

Currently, the actual number of shares of SPCX that are being shorted is approximately 300 million shares, while the shares to be unlocked today amount to about 900 million shares. Over the next 3 months, there will still be approximately 900 million shares gradually unlocked, so he believes that the upward potential of SPCX is being suppressed. The more suitable mid-term strategy is that if SPCX experiences a rapid surge in the short term, one may consider establishing a short position.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

Hot
  • Coins
    Price
    24H Change