After the short position perfectly locked in the profit, the defense left and waited for a clearer signal.

2024/5/5 evening sharing:

The big cake is currently falling below the key position and standing up again, and the adjustment has been confirmed! Will it go through a complex horizontal adjustment or continue the correction of the daily short structure as expected? From a structural point of view, the key lies in whether the two positions of 6.47 and 6.7 can form a breakthrough. For those who enter the long position on the right side of the bottom, it is recommended to stop profit as expected in the short term. If you want to gamble, remember to lock in profits and take defensive games for potential reversals. Don't chase more in front of the resistance level, the stop loss is very wide, and transactions with insufficient profit and loss ratios are not involved. Waiting is also an important part of the transaction. It is best to wait for the right side of the structure at the hour level or above to enter the market as expected. The left side must be light and have a stop loss (near 6.475/near 6.7, decide by yourself according to the entry position); friends who want to buy spot are still advised to continue waiting for the possible large correction. I will post a post later to share the buying opportunities and how to buy spot.

After pepe reached the 4-hour take-profit position, a bottom structure was formed in this buying zone. At present, the 4-hour short structure has been broken, and it is still in the heaviest selling zone, but there is a long structure at the same level, so shorting only waits for the right signal to enter the market. After the buying zone breaks through, consider chasing a small long order. Before the breakthrough, the selling zone resistance still exists.

The May Day holiday is over. I haven't updated these days because I went out. I will update and post normally every day in the future. The view is still as described in the previous post. If you are interested, you can go back and take a look. The specific short-term view will be updated tomorrow with the market. If my sharing is helpful to you, you can click to follow. I will share market analysis and trading opportunities every day.