Those who can buy are apprentices, those who can sell are masters, and those who understand holding cash are the ancestors! In trend swing strategies, the choice of buying points is secondary, while selling points are key; however, good capital management is the soul of trend swing trading.

After three consecutive bearish days, Yitai started to recover with a bullish candle, and in the short term, attention should be paid to the resistance of MA7 above. The four-hour chart has tested the 3000 level multiple times, forming a short-term bottom, while the MA60 support is effective and has not been broken. Currently, it is testing the middle track; if a breakout can be achieved, attention should be paid to the resistance near the opening drop after the rebound on the 14th, which is around 3230. For the weekend, we will temporarily look at a range of 23.6-38.2 for fluctuations. Pay attention to the trend direction and monitor the weekly closing situation. If it breaks below 38.2, the important area below is between 50.0-61.8.

11.16 Yitai short-term suggestions: If 3230 does not break, short between 3180-3200, looking for 80-100 points.

If 3000 does not break, long between 3000-3030, looking for 80-100 points.

The above suggestions are for reference only; please manage your risk well.

Wishing you a pleasant weekend! Happy trading!

Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions from Yitai, find Gege.

Written by/ I am Trader Gege, a friend willing to accompany you in your resurgence.

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