Advisor discusses hotspots:
Recently, many fans have asked the advisor to learn about projects in the primary market, even some newly listed small coins. To be honest, I generally do not recommend everyone to test the waters—unless you are doing it on water, otherwise who would want to jump around in this water?
The reason is simple: first, I really do very little research on these projects, but I have a bit of insight into the tricks of the market. After all, after watching too many “cutting leeks” dramas, we know how the actors perform.
Don't think that trading is just about luck; following the crowd is like playing Russian roulette with no technical content. It’s better to buy a lottery ticket; isn’t the thrill more exciting?
Secondly, many big shots in the blockchain circle have made their fortunes by cutting leeks. Some cut openly—by launching a 'shanzhai coin' or starting a 'game'; while others cut secretly, like 'staking Ethereum', and then throw coins at you with zero cost.
Or do something in the name of a 'blockchain high-tech company' that ostensibly works but actually reaps your wallet. Just think, those big shots are waiting for the right moment to take out their sickles to harvest. As for when to cut? That depends on when their dinner preparations are about done. Whether to cut or not depends on the market atmosphere and their mood.
Next, let's talk about the Federal Reserve's interest rate cuts this month. According to the current situation, the probability of a rate cut is still low. Microsoft's situation has caused some anxiety, but don't forget, there are still a group of friends asking me about macro data, such as PMI and non-farm data.
First of all, PMI is not influential; non-farm data will have some fluctuations. This Friday, the non-farm data will be announced, with the unemployment rate expected to rise from 4.1% to 4.2%, and wage growth is also declining—this is typical weak economic data.
Although this data itself is not good for the economy, at least it can provide an excuse for the Federal Reserve to cut rates. After all, with rising unemployment and falling wages, the Federal Reserve won't be happy either, and economic risks won't bring them more joy. However, we can't say that an economic recession is definitely coming; let’s first see if the Labor Statistics Bureau's data can bring us some surprises.
As for the major coin, as long as the Federal Reserve continues to cut interest rates, the major coin will basically not have significant adjustments this month. At the end of November, it already provided a small adjustment, and in the short term, it may continue to rebound. After all, whenever the major coin has a chance, it runs up, following the interest rate cuts.
As for the bears, now they are bearish down to 80k or even 76k. The advisor can only say that the span is too large and too detached from reality. If you really want to be bearish, you have to wait for the major coin to break below 90850, and if it can't close above 93000, then there might be support at the lowest of 85755.
However, if the major coin does not break below 94750 in the short term, and after breaking, it cannot close back above 95855, then it will not continue to decline. Conversely, if the major coin rebounds and stands above 97450, the support will be readjusted to 95755, followed by a rebound to 98200-98700, which are two key positions that everyone should pay attention to.
Advisor looks at trends:
Resistance level reference:
First resistance level: 96750
Second resistance level: 98000
Support level reference:
First support level: 95000
Second support level: 94300
Today's suggestions:
Currently, the selling area for the rise has not been broken, and the high area is still adjusting. Due to the lack of sufficient upward momentum, trading volume has not significantly increased, so it needs to digest the upper selling area through multiple retests.
Currently in a psychological support and previous low point area, it is also an important support line in the short term. Due to the price still fluctuating on the upward trend line in the short term, it is recommended to first observe whether there is a downward breakthrough, using the candlestick patterns and trading volume of lower time frame charts to assist in judgment.
The maximum downside space is the second support at 94.3k, and you can also pay attention to the trend of the 120-day moving average. If the downside is accompanied by increasing trading volume, it indicates that the possibility of a decline is increasing. At present, the major coin can still maintain the rebound strategy for layout.
12.3 Advisor's segment pre-set:
Long entry reference: 94300-94750 range light long position. If it pulls back near 93800, you can go long directly. Target: 96750-98000
Short entry reference: not referenced
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