The market started to pick up a few days ago, but started to pull back again in the past two days, which made many people who had just entered the circle think that the bull market was over.
There are also many old investors who have been affected. It can only be said that such old investors have only been in the cryptocurrency circle for a longer time, but their personal abilities have not been improved at all. (If you ban communication, close the public account: you want to eat soft rice and hard food) They have no opinions of their own, cannot judge the trend, have no confidence in their own judgment, and finally choose to go with the flow and follow the majority. The callback in the past two days has further strengthened their thinking that the bull market has ended, and they began to reduce their positions and wait for further declines. I am thinking about a question. I always want to buy at the lowest price. Aren’t you afraid of missing the bull market? The rise in the past two days has shown that the trends of many currencies have diverged and started to follow their own independent trends. Even the callback is shrinking. BOME attracted much attention when it was first launched, and many people had great expectations for it. However, the results of the early pursuit of the rise were not very ideal. Not all currencies will rise sharply on the exchange. The callback after the launch is a normal trend.

But after a wave of corrections, the market stopped falling and began to fluctuate, which is a good start. From a macro perspective, the current position is very good. The best quality for trading is patience. The market is not short of opportunities, but the vision to identify opportunities and the patience to wait. With these two points, you can outperform more than 90% of people.

Today, I will use the Qianlong strategy to analyze BOME's four-hour short-term.

1. The four-hour long-term rising trend line has been broken, the trend has changed, and a wave of pullback has been triggered. However, this wave of rise has broken the previous high, so the amplitude of the pullback will not be too deep.

2. The short volume in this wave of correction has gradually shrunk, but there is no obvious stop-loss signal yet.

3. The volume of the K-line in the last four hours is larger than that of the previous negative line, which is considered as large volume, but the K-line only closed with a cross line, and the body of the positive line is too small.

4. The four-hour Bollinger Bands are open, and the price is between the middle and lower bands, which is a short position.

5. The current price is near the support level.

Through the above analysis, we can see that BOME is currently slightly stronger in short positions, but there is support below, and this time it is a pullback that broke the previous high, the force will not be too great. Waiting for a reversal signal is the time to enter the market in the short term.

The four-hour market changes very quickly. Short-term trading should be exited when profits are good. Don't let yourself be trapped because of greed. Short-term trading emphasizes capital utilization, so you must be willing to take profits and dare to stop losses, otherwise the meaning of short-term trading will be lost.

The above analysis only represents personal opinions and does not constitute any investment advice.

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