AICoin 5.10: Under the bullish trend, the pullback continues to look for long opportunities.

CN
1 year ago

Only with a calm mind can one achieve great success in investment. Making money is the only real goal, everything else is just empty talk. Making money is the key. Hello everyone, I am AICoin Jinrui!

[BTC 4-hour Chart]

The 4-hour 25EMA also appears to be in an upward trend, so the bulls are still strong in the short term. In addition, since the 25EMA has been broken through in the 1-hour and 4-hour time frames, the priority for today's trading is to consider the bullish mindset in the short term.

Therefore, there are two points of focus for setting up long positions on the 4-hour chart:

① Go long near $62,506 with the 4-hour 25EMA as support. Profit targets are near $63,200 and $63,500.

② Go long with the trend after the price breaks through the 4-hour 200-day EMA ($63,704).

Therefore, Jinrui suggests that for short-term trading today, we should look for long opportunities on pullbacks.

[BTC 1-hour Chart]

Bitcoin on the 1-hour chart is forming support near the current price area, so it is advantageous to go long near $62,750 in the red zone.

However, for those who want to trade conservatively, it is also a good choice to wait for the 1-hour 25EMA to go long. In addition, going long when a golden cross forms is also effective, with a stop loss of $200 to $300.

Jinrui's Strategy Summary for May 10th:

Long position trading range: $62,506 Target: $63,200-$63,500 After taking profit, if the price breaks through $63,704 strongly, you can go long with the trend again.

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