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 entry points is secondary, while the choice of exit points is key. However, good capital management is the soul of trend swing trading.
Yesterday, the market rebounded from the 2630 line to 2848, facing resistance and retreating again. The short-term strategy of shorting at 2800-2830 yielded over 100 points, meeting expectations.
Although the daily K-line level broke through MA7 and MA14, the middle track mentioned yesterday was only tested and has not been broken yet. Therefore, we will maintain yesterday's approach for now, focusing on the resistance breakthrough near the middle track. If it can break through and stabilize during the day, we will continue to look for resistance near the 300s. Conversely, we will still look for a downward test of support. The 4H level rebound did not continue and instead returned to the range. Since the short-term range is not broken, we will continue to reference it and wait for a breakout to plan based on the K-line feedback structure. The upper level of 2850 can be referenced again; if it breaks out directly, we will give up and wait for the next resistance.
2.18 Short-term suggestions: If 2850 does not break, short at 2800-2830, looking for 80-150 points.
If 2530 does not break, long at 2580-2550, looking for 80-150 points.
If 2330 does not break, long at 2380-2350, looking for 80-150-200 points.
The above suggestions are for reference only; please manage risk and be flexible in short-term trading.
Wishing you successful trading!
Alright, friends, we will say goodbye until next time. I wish everyone continued success in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions from Big Coin, find Gege.
Written by: I am Trader Gege, a friend willing to accompany you in making a comeback.
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