Trading is: plan well, then execute strictly!
Don't fantasize! I would rather lose a little money according to the plan than operate based on wild guesses and fantasies.
I see clear danger signals.
Combination:
Price has risen too much (overbought)
Technical indicators have issued a warning of a downturn (top divergence)
Price has reached a critical resistance level and cannot push through (pattern resistance)
So what happened? The price has started to drop, proving that the signal was correct!
What am I watching next?
Looking for when the 4-hour chart shows a signal of overselling (oversold). This could be a sign of a short-term breather.
Focus on how the price behaves near the EMA55 moving average. See if it can hold up at this position, stabilize, and not continue to plummet. This position is key for observing a stop in the decline!
I am Ji Xin, follow me, top-notch team support, serving only the ambitious madmen.
Daily focus: UNI ETH HOME A
