5.7 Chige Video Notes

BTC, regardless of whether you were looking at support and resistance swap points or trend lines yesterday, you would have profited from this long position. Next, the short position at 970 could see 955, with a stop loss at 987 if it breaks through. The ratio layout of 970-987, 334 can be used, and if there is a false breakout followed by a retraction, you can enter again. In the consolidation zone, sell high and buy low.

ETH is similar to BTC; in the short term consolidation zone, you can short by selling high and buying low, but in the long term, I still see it as bullish. Until it breaks below 1690, I won't consider shorting.

PAXG Gold, I felt like it was breaking out yesterday, so I didn't take that trade. Chige said the short position made a small profit. Okay, maybe I still don't understand; here, I feel like it’s a support and resistance swap position, so I won't enter for now. If it breaks down, I'll enter on the right side.