Crypto Zhongliang: The monthly line is closing, there is a gap to be filled, will it provide opportunities for a short position?

CN
2 hours ago

The monthly K line closed with a large bearish candlestick, the previous K line formed a shooting star small bearish candlestick, the lower Bollinger Band opened downwards moving lower, KDJ and RSI both turned downwards, and MACD's bearish momentum continues to increase, with a clear bearish direction. The daily K line closed with a large bearish candlestick yesterday, the price is pressing against the lower band and continuing to move downward, KDJ is turning down, RSI is flattening and slowing down, MACD is still in a low volume oscillation, with a rebound being pressured around the 60000 mark. It's currently uncertain whether the market will continue to experience such narrow fluctuations, replacing upward movements with oscillation, or if it will directly decline. For now, we can only say to observe closely. In operation, remember one principle: significant rebounds mean significant shorts, minor rebounds mean minor shorts.

Rebounds are for better declines; rebounds are part of the process, while declines are the result. This is a phrase that Zhong Liang emphasizes throughout!
June 30: 60500 short, 1610 short
June 29: 60000 short, 1600 short
June 27: 61000 short, 1600 short
June 26: 60500 short, 1580 short
June 25: 61500 short, 1640 short
June 24: 1690 short
June 22: 64500 short, 1750 short
June 20: 64000 short, 1750 short
June 19: 64000 short, 1820 short
June 18: 65500 short, 1840 short
June 16: 66000 short, 67200 continued short, 1850 short
This is the performance of high shorts and low longs over the past half month. I am too lazy to go back further, don’t feel like flipping through, don’t feel like counting, just took a screenshot, it’s too exhausting...

From the monthly K level, there is currently a gap above, but whether it will definitely rebound to fill the gap before falling again is still unknown. What Zhong Liang wants to express is that even if the market has a rebound, there’s no need to be overly surprised. A rebound is for better declines; it provides higher profits for short positions. Just remember this bottom line. Otherwise, with these short positions every day, to be honest, it's tiring to trade, and we can’t make much...

On the 4-hour level, yesterday’s rebound was suppressed by the middle track, with all three tracks opening downwards moving lower, KDJ lines are converging, and MACD is oscillating bearishly. On the hourly chart, the rebound was pressured by the upper track, currently breaking below the middle track support. KDJ and RSI are both turning down, and MACD's bullish energy is continuously shrinking. Those holding short positions around the 60000 mark can continue to look down. The situation does not rule out the possibility of a direct downward move; if you don’t have short positions, you can only patiently wait for a rebound! In this market, chasing shorts is unnecessary; the risk is high! Long positions are even less recommended to speculate on!

For intraday trading, pay attention to resistance at 59500, 61000, and 62500 above; participate in shorts around these levels. For support below, pay attention to 58500, 57500, and 56000.

In the secondary market, the resistance above is at 1600, 1640, and 1690; participate in shorts around these levels. The support below is at 1570, 1530, and 1480.

Our investment philosophy is first to ensure the safety of the principal, and secondly to achieve appreciation based on value preservation. However, the market is ever-changing and unpredictable. This leads to two problems: first, to reduce risk, we cannot maximize profits; second, due to market uncertainty, there will inevitably be losses at some stage. Any successful trader must adhere to strict trading principles—no holding positions through losses, no locking positions! The survival rule in the market is the survival of the fittest; no one is destined to fail, but a group of people will inevitably be eliminated by the market. War does not give soldiers an opportunity for explanation; investors do not receive preferential treatment simply because they are weak. The sand washes away, the submerged becomes gold, and the wind rolls away the clouds, leaving the "remaining" as the king.

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