6.23 Monday Morning Big Pie Trading Strategy
The road to success is not crowded, because there are not many who can persist until the end. When you want to give up, please tell yourself to hold on a little longer, because often it is this little bit of persistence that brings you one step closer to your dreams.
The market has previously shown a clear bearish dominance pattern. On the daily level, the price has recently continued to close downwards, continuously falling from a high position, forming a significant downward trend. Yesterday, it plummeted, with the candlestick showing a long upper shadow and a large bearish body, indicating strong bearish power. On the hourly level, the price has been weakly fluctuating around 99000, in a weak consolidation state after a low rebound, and indicators such as the hourly MACD and EMA are showing that bears are dominant, while the daily MACD is also in a death cross downtrend.
Previously, the hourly MACD histogram has remained negative, with both DIF and DEA operating below the zero axis, while the daily MACD is in a death cross downtrend. The hourly RSI value has approached the oversold zone, indicating a short-term rebound demand; although the daily RSI is not oversold, it has shown signs of weakness.
Daytime Trading Suggestions
Sell around 101000 Target 99500
