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 entry points is secondary, while the choice of exit points is key. However, good capital management is the soul of trend swing trading.
After the significant bearish candle washout last week, the market temporarily found support and rebounded around the 3100 level. Today is Monday, and after closing the weekly candle, let's first look at the points to pay attention to in this week's market from the weekly level. First, we need to closely observe the area around MA7 above. If the market cannot stabilize above MA7 during the rebound, then this week will continue with a weak oscillation structure. Conversely, if the bulls can hold, they will continue to test the major boundary around 3800. The price corresponding to MA7 is in the range of 3500-3530, which can be referenced as a minor boundary. If the market continues to test downward, the key levels below are near MA30 and MA60, with price references at around 3030 and 2830. These are the points to note at the weekly level and also the positions that must be attempted for entry later.
Looking at the daily and 4H levels for short-term analysis, the daily level support is in the range of MA60 and EMA200, with resistance near MA7. Currently, the 4H is testing the mid-band retracement, so we should first pay attention to the mid-band area. If it breaks through, we will extend our focus to the area near MA30, which also corresponds to the daily MA7. Further extension leads us to EMA200, which corresponds to the weekly MA7, making it a major boundary as well. This is a brief overview of the overall trend structure; for now, we will focus on short-term intraday movements.
12.23 Short-term suggestions: If 3500 holds, short in the range of 3450-3470, looking for 80-120 points.
If 3130 holds, long in the range of 3180-3150, looking for 80-150 points.
If 3000 holds, long in the range of 3050-3030, looking for 80-150 points.
The above suggestions are for reference only; please manage your risk.
Wishing you successful 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 the market, find Gege.
Written by/ I am Trader Gege, a friend willing to accompany you in making a comeback.
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。
