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 exit points are key. However, good capital management is the soul of trend swing trading.
In the new week, the weekly chart of Auntie shows a doji candlestick, and the market continues to maintain a range-bound fluctuation, without breaking through the key short-term points, entering a grinding market. The market often behaves this way, spending most of the time in fluctuation, so enduring the oscillation is necessary to enjoy the joy of a one-sided trend. From a technical perspective, the market has not stabilized at the previously mentioned 2700-2800 level, oscillating in the 2500-2800 range for a week. In the short term, we should first refer to whether the resistance above can hold, while the key area below on the weekly chart is still near the EMA200.
On the daily chart, the short-term focus is on the resistance near the middle band. If it can break and stabilize, we can look towards the resistance at the 3000 level. Below, we should first pay attention to the previous candlestick support point at the 2500 level, and then to the area near the lower band. The 4H level Bollinger Bands continue to narrow, and the turning point is getting closer. Today, the U.S. stock market is closed. If it continues to maintain the range, the breakout of the range is expected in the next couple of days, so we just need to be patient.
2.17 Auntie short-term suggestions: If it does not break 2850, short in the 2800-2830 range, looking for 80-150 points.
If it does not break 2520, long in the 2570-2540 range, looking for 80-150 points.
If it does not break 2330, long in the 2380-2350 range, looking for 80-150-200 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 space! 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.
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。
