The daily K line is currently in a phenomenon of pulling back after a breakthrough. We need to wait for a period until a bullish candle appears, preferably rebounding in the two gray areas I marked. After that, we can look for bullish opportunities.
Currently 0.063 is a small support, let's see if there will be a rebound. If not, it will likely pull back to 0.56, and then we can enter after the rebound.
The current resistance level is uncertain, but for support, we can look down to the 0.315 area. It would be better to wait for the price to retrace there before attempting to catch a rebound.
From a short-term perspective, I am currently quite bearish. If you want to enter a long position, wait for the price to drop to the 9.1 area, and then consider making a move on the rebound.
In the pullback, looking for opportunities to go long. The previous rebound at 145 was not strong enough, and it has now broken down. So looking down at the 141 and 135 areas, it’s best not to break below the 141 area.
If it drops to the 135 area, the rebound strength is expected to be low.
From the 1H chart perspective, it is currently just looking for a landing point, with potential support in the 91600-92000 range. Let's wait for a period of 1H candlestick to see where it will specifically land.
I enter long positions only after the indicators are oversold, then combine it with support areas to enter the market. Currently, this position is quite hard to determine; either we wait for a breakout and then a pullback, or we wait for a second pullback to the 3.37 area.
From the 4H chart perspective, it seems that there are still 1-2 candlesticks left to drop. Let's observe the rebound effect in the 3.8 area. If there is a rebound, it is possible to enter a long position, and the stop loss can be placed below the support.
It's hard to find support for the daily K, and even in the smaller time frames, there aren't any obvious supports/resistances. If you are holding a long position from the bottom, I suggest you start reducing your position and take profits now.
Currently, on the 4H chart, it hasn't broken the support, so it's still an upward structure, waiting for a bullish candlestick to form.
If it breaks down, there are two scenarios: one is waiting for a rebound to be blocked after breaking the 0.647 area, and the other is waiting for the price to drop to the lower boundary of the range: the 0.576 area to look for a rebound.
A new unilateral bullish trend should occur after the price effectively breaks through the 3.85 area. Currently, we are looking for potential entry points below.
For example, at the positions of 3.5 - 3.375, enter where there is a rebound, or adopt a staggered entry approach. However, if it falls below the 3.375 area, a stop-loss is required.
Dropped back into the previous large range, so looking down to find support in the 145 area. If there is a rebound here, then consider entering long again.
The current resistance above should be in the 1 area. For long positions at the bottom, it's fine to reduce positions for profit-taking. If you want to enter, you'll need to wait for a second pullback, such as a pullback to the 0.838 area.