Good morning everyone! Today's morning report + review is here.
After waking up, I found my position is gone. It turns out I was stopped out. 😂 Let's do a simple review: last night's short position wasn't bad. The stop-loss was set properly. It's a pity that I missed the long position this morning; otherwise, I wouldn't have lost money. Now, let's get to the main topic without any nonsense. If you haven't followed yet, please do so.
The big coin (Bitcoin) is hovering between the positions I wrote about. The resistance and support are pretty much the same. The resistance levels for Bitcoin are 101500, 102250, 103500, 105000, and the support levels below are 10W, 99500, 99000, 98300, 97666, and 97000. Currently, the short-term heavy pressure is around 102000. The entry strategy will be at the end.
Ethereum is still a bit weak. The resistance levels above are 3830, 3860, 3900, 3950, 3980, 4020, 4060, and 4100. The support levels below are 3800, 3750, 3700, 3650, and 3600.
SOL follows the market trends. You need to reference Bitcoin's points when trading SOL.
Today's strategy summary: look for breakthroughs, so go for low longs. For Bitcoin, buy between 99500-99700. Let's see if we can catch near 99000 for stability. The stop-loss is set below 98000, and the take-profit is initially around 102000. If it can't break through, take profit promptly. If it breaks through, look for 103500-105000. For Ethereum, buy between 3750-3760, with the first target at 3830-3860. If it breaks through, you can hold on. The stop-loss is set below 3700. Today, I initially wanted to short again, but looking at the larger picture, I'm afraid of a breakout. So, I won’t be taking any short positions and will opt for low longs in hope of a breakout. If anyone has questions, feel free to leave a message!