Those who can buy are apprentices, those who can sell are masters, and those who understand holding cash are the ancestors! In trend swing strategies, the choice of buying points is secondary, while selling points are key; however, good capital management is the soul of trend swing trading.
Yesterday's short-term strategy provided by Auntie was accurate, with the market rebounding after briefly breaking the 3530 line, testing the chip area from the end of last month to the beginning of this month, moving as expected. The daily level shows a double bottom near the MA30 confirming support, and today’s close tested the mid-track again after a dip. At the daily level, we focus on the MA7 and MA30 range, treating it as a box for now, and will readjust if it breaks out.
The 4H level shows a second bottoming out. According to technical analysis, the market is expected to oscillate and adjust for a while before choosing a direction again. Tonight, there will be CPI data released, so pay attention to the news-driven market. Although there are signs of bottoming, if the upper boundary does not break through, we will treat it as a range. The upper boundary is near the MA60, which is also the mid-track resistance; this is the key point for whether the short-term market can reverse. We will continue to focus on the pin insertion area below.
12.11 Auntie's short-term suggestions: If 3830 does not break, short at 3780-3800, looking for 80-150 points.
If 3530 does not break, long at 3580-3550, looking for 80-150 points.
The above suggestions are for reference only; please manage your risk well.
Wishing you successful trading!
Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions from Auntie, find Gege.
Written by/ I am trader Gege, a friend willing to accompany you in your resurgence.
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