Good morning, the price of the coin continues to show a volatile trend in the early hours today, dipping to a low of 106446 and reaching a high of 107628. After a surge, there was a quick pullback, once again confirming the short position strategy I provided last night. The market timing remains as precise as ever. One choice may lead to a satisfactory profit.
On the daily chart, the trend has recorded two consecutive bearish days, and the bearish sentiment is gradually intensifying. The market is once again under pressure to pull back, with prices constantly testing lower levels, and short-term support is near the five-day moving average. If this area of support is broken during the day, the market may continue to test the trend towards the daily Bollinger Band middle line. Looking at the four-hour chart, the Bollinger Band opening is gradually narrowing, and the market has broken below the middle line. If it cannot rebound and break through, the trend of sideways down movement will remain unchanged.
The main coin is shorted near 107500, with attention on 106500; the second coin is shorted at 2450, with attention near 2350.
