$TRUMP Trump shouted orders last night, directly causing a surge, peaking at 12.4U. The positive news turning into a negative impact caused the K-line to drop directly. Although the price has increased somewhat now, the positive information is completely gone, indicating that this is just a rebound and not the next wave of increase. From the trading volume perspective, it rebounded to around 11.9, which happens to be the position of the maximum trading volume, creating a resistance here. Moreover, if we draw a Fibonacci, the rebound high point of 11.9 is also the 0.618 resistance level. Looking at the current K-line trend, it completely resembles a standard arc top. Now, if we don’t short, are we really going to give money to the market makers by going long?
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