CORE hourly market analysis:
1. After a wave of decline, a shock zone appeared, and the interval completed two bottoming out.
2. Although the bulls did not see a large volume in the shock zone, the bears showed a shrinking volume, indicating that the bears were weak.
3. The current market is close to the long-term downward trend line. This trend line has a certain pressure, but from the current trend, there is a high probability that it will break through the trend line.
4. The current price is close to the pressure level formed by the dense trading area below, and the support below is also relatively strong.
Based on the above signs, CORE short-term bulls are stronger than bears, and there is support below. Although it is close to the long-term downward trend line, the probability of a breakthrough is high, so the short-term may rise in the later period. This position is a good short-term entry point, very close to the support, and a small space can be used to obtain good profits.
The four-hour market fluctuates rapidly, and short-term operations should stop profits in time to avoid getting into trouble due to greed. Short-term trading emphasizes the utilization rate of funds, so you must be brave to stop profits and stop losses, otherwise the meaning of short-term trading will be lost.
