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.
The news in the early morning has created this wave of downward wash trading, with the price directly breaking below the 3800 support line, testing the 3500 line again. The 4H technical chart found support and rebounded at the 3540 line, which is also near the EMA200 support. After a false break, it rebounded and closed back above it. Since the price has returned here, we should focus on the gains and losses around the 3500 line in the short term. This line has been a support area multiple times before. If there is a situation where the K-line entity breaks down, we can readjust. For the short term, we will use the previous low point of the K-line as a boundary.
The upper 3800 line was previously a short-term support, which can be referenced as a resistance area based on the top-bottom conversion. Similarly, if there is a breakthrough and stabilization of the entity K-line, we will change our short-term strategy. For the day, we are optimistic about testing support and a structure that oscillates upwards, so we will temporarily focus on the situation of support and resistance, planning before acting.
12.19 Short-term suggestions: If 3800 does not break, short between 3780-3750, looking for 80-120 points.
If 3540 does not break, long between 3590-3560, looking for 80-150 points.
The above suggestions are for reference only; please manage your risk well.
Wishing you successful trading!
Alright, friends, we will say goodbye until next time. I wish everyone continued success in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions from Big Coin, find Gege.
Written by: I am Trader Gege, a friend willing to accompany you in your resurgence.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
