CandleFocus 'Banana Time': Here's What Not to Do Now, According to Raoul Pal
2024-11-06
Author: Content Editor
Renowned investor Raoul Pal believes that the cryptocurrency market has entered what he calls the "banana zone" after significant price surges. Bitcoin recently reached a new all-time high, with the broader crypto market also experiencing a similar increase. Pal identifies Solana as a key marker for this phase, stating that if its price is above $185, it signals heightened activity. Despite the market's strong performance, Pal advises caution and a cautious approach to investing, particularly due to repeated range-bound breaches. He warns against using leverage or making impulsive moves and advises investors to be prepared for market pullbacks of 30% or more.
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