Those who know how to buy are students, those who know how to sell are masters, and those who understand how to stay in cash are the ancestors! In trend and swing strategies, choosing entry points is secondary, but exit points are key. However, good money management is the soul of trend and swing trading.
After breaking 3550 last night, the price has been slowly rising and faced resistance at the 3680 level, leading to a pullback for adjustment. After several consecutive bullish candles on the 4-hour chart, a bearish candle has formed for adjustment. If it tests upward again after a short-term adjustment, pay attention to the resistance at the 3720 level, which serves as the upper boundary. For the downside, focus on the support at the 3530 level, which is also an area of K-line top-bottom conversion. If it breaks below, extend your attention to the 3420 level, which is near the middle track of the 4-hour chart and also the 61.8% Fibonacci retracement of this upward trend.
Today, the US stock market is closed for the holiday. It is expected that the market will move in a range of adjustments. For now, pay attention to the support and resistance mentioned above, and flexibly enter the market according to your actual situation. Note! With the US holiday, don't rule out the possibility of selling pressure. In extreme market conditions, observe more before taking action and arrange your risk management reasonably.
11.28 Short-term suggestion: If 3720 holds, sell between 3670-3680, targeting 80-120 points.
If 3530 holds, buy between 3580-3550, targeting 80-100 points.
If 3420 holds, buy between 3470-3450, targeting 80-150 points.
The above suggestions are for reference only; please manage your risk well.
Wishing you a smooth transaction!
Alright, friends, we will see you next time. Wishing everyone success and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions from Big Sister, find Gege.
Written by: I am trader Gege, a friend willing to accompany you in your resurgence.
