‼️ Binance's PROM is fluctuating in the short term, these two points determine whether you make a profit or take a hit! ‼️
Just staring at Binance's PROM/USDT 1-minute K-line, after soaring to 8.729, it started to 'wobble', currently hovering around 8.700. A simple breakdown of the market situation, giving everyone a clear path:
1. The trend looks like a 'seesaw'
After a rise, it falls back, stuck between the MA7 and MA30 moving averages, the bulls want to push up but lack strength, while the bears are not fully attacking, just grinding back and forth.
2. Volume hides the 'swing traders'
Volume increases on the rise and decreases on the fall, clearly there is capital 'buying low and selling high' to profit from the price difference, without forming a unified attack direction.
3. Key points determine victory or defeat
Resistance level 8.720: Breakthrough and look at 8.750, bullish counterattack signal
Support level 8.680: Break below and look at 8.650, bearish dominance sign
4. Don't make it difficult to operate
Spot traders: Hold your position! Don't act rashly during the fluctuation period, add or reduce positions after breaking key levels
Contract traders: Trade lightly! Go long at 8.720 (stop loss 8.700), go short at 8.680 (stop loss 8.700), quick battles
Watchful traders: Wait for direction! Fluctuating markets are prone to accidents, enter after a breakthrough of key levels
(Small cryptocurrencies fluctuate violently, manage your positions well! Keep an eye on 8.720/8.680, get the rhythm right to make big profits ~)
