Dear readers and friends, hello, I am Mumu. Recently, Bitcoin has risen, and many altcoins have recovered. LINK is one of them. We can see that LINK has risen by 50%. Mumu had already posted it in the group in mid-to-late October. Today's consumption is to buy eggs with LINK! Leather shoes and bags are made at will! Mumu first congratulates friends who keep up with the meat!
Okay, let’s talk about LINK’s subsequent analysis of short-term trends:
Through the relative strength index (RSI), moving weighted average (MWA), Williams fractal (fractal) and moving average convergence divergence (MACD) in the four-hour chart below, the price pattern of (LINK) can be determined to determine the subsequent direction.
Mumu believes that LINK will not continue to rise in the short-term trend of four hours, and there will inevitably be a correction process in the middle. A healthy rise should be oscillating, not a straight rise. It is recommended to stay vigilant and not blindly chase the rise.
LINK short-term market enters the callback stage, wait patiently for a rebound before trading
In the market where the general trend is rising, we must learn to follow the trend. The best way to operate, Mumu suggests, is to choose to go long after the callback is over. In a downward trend, do not consider rebound operations; in an upward trend, do not consider callback operations.
In this industry, if you are in the wrong circle, all your efforts will go to waste! It is important to embrace a professional circle! You will be able to take off and turn around quickly!
