Add the hourly K of $PEOPLE : It has reached the rebound position of 0.382. Generally, when it reaches these key positions, I don’t recommend participating in it.

Reply to the question from a friend in the comment area: $PEOPLE

For this target related to the election, I will still use the daily K line to analyze it first and then use the hourly K line

The daily K line is now in a convergent pattern. The main strategy we adopt is to buy more near the current price. If you are optimistic about this currency, there is still some room to do it within the pattern

Of course, if you short, you can use the lower edge breakthrough strategy, and this space is larger than long. In summary, from the perspective of yield, the yield of shorting this target at the daily K level will be much larger than long

In addition, the previous daily K line actually went out for 10 consecutive negative lines, which is really a bit outrageous. Although the trading volume is not large, the resistance imposed on the back is still much greater than the normal large-volume negative line

Subjectively, I would prefer to short, whether it is from the perspective of pattern or yield, it is more appropriate