Coin Circle Jinrui 7.15: Will Short Covering Lead to a Strong Market? Short-Term Target Strategy Sharing

CN
10 months ago

Only with a calm mind can one achieve great success. Investing is only for making money, everything else is just empty talk. Making money is the only way. Hello everyone, I am Jinrui from the cryptocurrency circle!

First of all, the expected rise in Jinrui this time is "the rise caused by short covering", with a liquidation price of $60,000. Purchase orders are very dense between $59,500 and $60,000.

The rise caused by short covering may not reach a new high, but may form a pullback, so Jinrui suggests paying attention to buying opportunities during the pullback.

[BTC 1-hour chart]

On the hourly chart, as both the low and high points are rising, Jinrui suggests mainly buying on dips in the short term.

Currently, "25EMA" is receiving a lot of attention.

From the order book, there are many buy orders between $59,500 and $59,000, so it is recommended to actively buy in this area.

~July 15th ultra-short-term entry points~

  1. Long position when 25EMA on the 1-hour chart acts as support

    Entry price: $60,300

    Take profit price: $61,400~$62,000

    Stop loss price: $59,800

  2. Long position near $59,000

    Take profit price: $59,800-$60,300

    Stop loss price: $58,600

If the price falls below 25EMA today, consider shorting in the short term, as it is expected to have a short-term decline to fill the deviation from the 25EMA on the 4-hour chart. Therefore, please compare different time frames for trading.

  • No one can predict the future. All we can do is gradually accumulate profits by facing the charts.

If you want to get real-time information later, please like & share to let me know 🙌🏻. If this is helpful to you, I hope you can like ❤️ and follow, looking forward to your support.

I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are not doing well in trading, experiencing long-term losses, or getting stuck in trades, you can follow my public account (Jinrui in the cryptocurrency circle). Investment involves risks, so be cautious when entering the market. The market fluctuates every day, and all I can do is to use my years of practical experience to help everyone make the right investment decisions and manage their operations in the right direction.

The end of the article and other advertisements in the comments section are not related to me personally!! Please be cautious in distinguishing between true and false information. Thank you for reading.

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