Multi-cycle structure detailed explanation
1-hour K-line analysis: BOLL structure: The K-line is running near the lower Bollinger Band, which continues to drop, and the opening is significantly widening, indicating a continuation of the downward trend.
TD indicator: A new round of countdown signal has formed again (no significant rebound after 9 appeared), suggesting that the short-term will continue to weaken;
Trading volume: After a significant release, the trading did not effectively follow up, with bulls clearly weak and a high probability of a bearish counterattack.
4-hour K-line analysis: BBI indicator: Price is clearly running below the BBI, with a clear bearish pattern;
BOLL pattern: The K-line is continuously running close to the lower band, and the Bollinger Band is expanding, not yet forming a converging structure;
MACD structure: The fast and slow lines are still widening downwards, with no bottom divergence signals formed.
Daily K-line analysis: Structure judgment: After falling from the high point, a typical 'accelerating downward channel' has formed;
Bollinger Band: The middle band continues to press down, with the K-line sliding closely along the lower band, showing strong bearish momentum;
The large cycle structure remains predominantly bearish, and it may enter a new round of accelerated decline.
TRUMP operation suggestions
Open position 9.79 - Short entry at current price
1st take profit at 9.59
2nd take profit at 9.49
Stop loss at 10.03
