📍Trading strategy: You can wait for the triple top or the price to overshoot the channel line before going short.
📈Positions that require special observation in the short term【26145｜25749｜25267】
The price backtest moving average develops horizontally into a narrow range, which can also be used as a narrow channel, proving the market's hesitation, but bulls have a slight advantage, but all rising channels are not good signals for bulls, because with the selling pressure Increase, most rising channels eventually fall below and test the starting point of the channel. The inertia of the market tends to reversely break through the channel and then test the starting point of the channel.
📍Now you can pay attention to the subsequent short selling opportunity of forming a triple top at $26145, and then the first step is to fall to $25749, and then to $25267. However, the most unfortunate situation is that after entering the market for short selling, the market continues to rise in a channel and then suddenly rises. However, profits and losses come from the same source, so you must manage your position well and stop losses, and wait patiently for the next opportunity.
