Those who know how to buy are disciples, those who know how to sell are masters, and those who understand how to stay out of the market are the founding fathers! In trend wave strategies, the selection of entry points is secondary, while the exit points are key, but good capital management is the soul of trend wave trading.
Hello everyone, I am trader Gege. Continuing from last time, I mentioned that friends who were waiting to enter at the big coin 123000 line, the current market low is above 6000 USD. Keep up to get a good result. From the current market perspective, after this wave of pullback adjustment, it seems Auntie is about to make a follow-up rise, provided that the big coin does not experience a significant pullback but instead shows slight fluctuations.
In previous articles, whether in terms of expectations or trends, we've discussed it. Today, let’s briefly update. First, let’s talk about Auntie, as I seem to see hope for a follow-up rise. Of course, I have already mentioned the premise at the beginning, and Auntie needs to stabilize above 3050. I discussed the reasons the day before yesterday, regarding the 61.8 of the larger Fibonacci level. Let’s observe closely for now. Why do I say 'seem'? Because the expectations for Auntie in this cycle have been too high, thinking it would take the lead time and time again, but it has not delivered well, so this time is also uncertain.
However, I still hold expectations for it. If the above conditions are met, then we can look step by step (3350, 3430, even 3520). Otherwise, in the short term, it will still be in the phase of fluctuation and adjustment. If the market pulls back to the 2930 line and finds support for a rebound, then continue to pay attention to the support above 2900 (2980-2950 line).
The big coin has retraced to the MA7 support level on the daily chart, and we can temporarily focus on this line while also paying attention to the closing situation of the K-line. From the short-term K-line perspective, the support area is in the 116500-115500 line. If it breaks below, we need to pay attention to the previous top-bottom conversion area at 113000-112000. The short-term resistance above is focused on the 119500-120500 line.
The suggestions are for reference only. Manage your risk well when entering the market, grasp the profit space and stop-loss space by yourself, and specific strategies can be consulted in real-time.
Alright, friends, we have to say goodbye until next time. I wish everyone success in the crypto world, may you sail smoothly ahead! More real-time advice will be sent internally. Today’s brief update ends here. For more real-time advice from Auntie, please find Gege.
Written by/ I am trader Gege. A friend willing to accompany you in making a comeback.
