The logic for this short position is: opening a short based on the weekly reversal strategy, combined with the monthly chart showing bullish line suppression. Therefore, the strategy provided in the morning is to go all in on three mainstream coins. Currently, there is a false signal of upward movement on the four-hour chart, so the altcoins purchased in the morning need to be reduced in position.
The combination of the weekly chart indicates that the third candlestick is a bullish line, and currently, there is a lower shadow, which naturally leads to a price increase. If a false signal appears on the four-hour chart, the market will make a reverse move before rallying again, which is necessary to align with the bullish line suppression on the monthly chart.
My personal view is: The big coin has shown a false signal with a doji at 92279 on the four-hour chart, serving as a trap for bullish traders, with the intention of executing a reverse move!
The observation group has rich practical experience and solid technical analysis. Experts are welcome to comment in the discussion area...
