Trading plan｜June 23
After I provided you with the short selling plan yesterday, the market randomly broke below the 100,000 support, and we did not receive any orders. There is actually nothing to regret here, because the market has given another opportunity today. You can set EMA10, 30, 60, 120 above the EMA moving average; the current price trend shows a bearish arrangement. The upper 4-hour and daily downtrend lines are suppressing. I will not make any long orders in this range. When the price reaches 98000 again, what awaits you is not support, but the short-term target of 94000.
This time the short selling range is relatively large. Use your normal low-leverage position to enter the initial position. Every time you reach a moving average resistance, add to your position. There is currently no bearish liquidity gathering above in the short term. In the worst-case scenario, even if the market reaches 105000, that position would be your normal position to enter. If the candlestick breaks through the 4-hour EMA120 and stabilizes, consider temporarily not making this order, and I will add positions on the downside.
If this trend order breaks below support and reaches the second support, there will be very lucrative profits, and I will definitely gamble on it. You need to grind for a month to go up, while a crash only takes two or three days because fear is a stronger emotion than greed. Those who are currently bottom-fishing will ultimately panic sell.
The market has reached the next range level for short-term long orders.
(1) Below 98000, this position is yesterday's market low. If a crash occurs, the main force will stop here for a moment to lure in buyers, or simply not lure buyers at all. So there might be a few hundred points of space at this position, but the risk is high; take a bite and run.
(2) Near 94000, the rebound here will be relatively large. If specific volume is received at that time, I won’t elaborate too much on this order for now; it might be far or close. This position is the weekly EMA support level.
Just a reminder, the current range long order is a counter-trend operation. I actually don't want to provide specific levels, but these positions are indeed supports. You can make decisions accordingly, but remember to take a bite and run.
The current 4-hour candlestick has already broken below the bullish distribution support, with 4-hour moving averages showing a bearish arrangement, and the upper daily and 4-hour downtrend lines are suppressing.
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