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.
A new week begins. Last week, Auntie tested the 3300 line multiple times to complete the bottom formation, breaking the range that had been maintained for over ten days. The weekly closing line showed a solid bullish candle breaking above MA7. Currently, from a weekly perspective, the upper boundary is at the 3800 line, which can be referenced as a key short-term resistance. If a breakout and stabilization can be achieved, the bulls will continue to test the previous highs. Conversely, if it moves downward, it will test the short-term support, which is near the low point of the K-line spike in early December, also the price level of 3500 that had rebounded multiple times before.
On the daily level, the K-line has risen above MA30 but is temporarily under pressure from the upper band. The indicators in the attached chart are biased towards strength, and the 4H level also shows momentum for further upward testing. In the short term, the 3800 line serves as a boundary; if it breaks, it will extend to test above 4000. The lower boundary can be referenced around MA30 and EMA200.
1.6 Auntie's short-term suggestions: If 3800 does not break, short between 3750-3780, targeting 80-150 points.
If 4000 does not break, short between 3980-3950, targeting 80-150 points.
If 3550 does not break, long between 3580-3600, targeting 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 Auntie, find Gege.
Written by: I am Trader Gege, a friend willing to accompany you in your resurgence.
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