Wave King Xiao Zhan: Is the B-type virtual break of support followed by a rebound a re-rise after a surge in buying, or is it a trap for more buying before starting a downward channel? This remains to be verified.

CN
13 hours ago

More? Short? Neither, just follow the trend you identify!

Set the pattern, set the point, set the plan, a trinity!

Before the 17th century, Europeans generally believed that all swans were white and that this was unchangeable. However, with the discovery of the first black swan in Australia, this notion was overturned. Since then, people have used "black swan" to metaphorically describe unpredictable and unusual events, particularly in financial markets. In today's market, perhaps "black swans" are dancing.

Pattern:

There have been discussions about the B token's weekly level, indicating signs of a potential peak. As for its authenticity, you can only know by actually testing the waters. Otherwise, if you fear making mistakes, you will ultimately not achieve good results in this market. No one in the investment market is completely free from fear and greed; people are emotional beings. If the weekly trend for B token is established, then the pullback will certainly not be small. Of course, given the current price of B token, a fluctuation of ten thousand dollars might just be a normal correction. Remember a few years ago when B token fluctuated by 500-1000 dollars, and E token fluctuated by 5-8 dollars? Some market participants were shouting about huge profits.

Now that B token has reached above 120,000 dollars, some people in this circle have made significant leaps in their social status. The daily candlestick chart has broken below the previous short-term key support, but it has currently recovered. Therefore, the closing situation of the daily chart and the movements over the weekend are crucial and worth noting. After breaking below 115,000 on the 4-hour chart, it has recovered. Next, we need to pay attention to whether it can stabilize in the 117,500-118,500 range. If it cannot, this decline will mark the beginning of a downward channel. If it can stabilize, it will test the 120,000 mark again.

Looking at the current situation of E token, although it has held above the short-term key support of 3,500, the closing of this week's weekly chart is particularly important. The daily candlestick chart shows strong performance, but if it cannot hold above 3,800, the probability of a false breakout leading to a double top will be high. Conversely, if it breaks above the previous high, it will continue to test below 4,000. The 4-hour chart shows the market in a range-bound fluctuation, so we can treat the short term based on this range.

Point:

For B token, pay attention to the breakout situation in the 117,500-118,500 range. If it breaks and stabilizes, then focus again on the 120,000 mark for testing. For E token, continue to maintain a short position below 3,750, with a breakout below 3,850.

Plan:

B token: Short at 117,500-118,300, looking at the gain or loss at 115,500. If it breaks, look at 113,000.

E token: Short at 3,720-3,740, looking at the gain or loss at 3,500. If it breaks 3,500, continue shorting, looking at 3,400-3,350. If it breaks the previous high, consider going long at 3,950-3,980.

What can relieve worries? Only getting rich! In an avalanche, no snowflake is innocent. Do not lose yourself in madness; protect your bullets and ensure you stay in the game, having chips to counterattack at any time.

If you like it, please like and share. Wishing everyone more success! May you thrive in the crypto world!!!

V Blog-------------Wave King Xiao Zhan

2025/7/26

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