Will ME buy the bottom crazily or avoid it? The outcome of this battle between bulls and bears will be revealed!
Market analysis
The market performance during this period is like a roller coaster, with ups and downs that make people sweat. At present, it seems that both bulls and bears are looking for a breakthrough. The next trend may determine the short-term trend. Is it an opportunity or a trap? Be sure to be prepared!
Support and resistance levels
• Support levels: $27.50, $26.00, $25.00
• Resistance levels: $29.50, $30.80, $32.50
Short-term trading strategies
Buy strategy (for aggressive traders):
• Opening point: $27.60
• Adding position: $26.20
• Stop loss: $24.80
• Take profit target: $29.50, $30.80, $32.50
Short strategy (for conservative traders):
• Opening point: $29.50
• Adding position: $30.80
• Stop loss: $32.60
• Profit target: $27.60, $26.20, $25.00
My prediction
The current market is still dominated by shorts. Although there are signs of rebound, the strength is weak. It is recommended to short at high levels in the short term, and the defense position is set above the third pressure level.
I will share the analysis of mainstream coins and altcoins with my brothers every day. You can click on the coin pair label in the article to trade. I wish my brothers and sisters to make a lot of money!