After ADA broke through 1, it has the momentum to move upward. If there is no negative impact last night, it will usually move up to 1.2. However, since the upward movement failed, it will be a short-term correction. You can consider waiting for the market to stabilize before intervening. At present, the 4-hour level is still adjusting. Don't try to catch the flying knife on the left.
The overall idea is to observe the performance of testing around 1.06 after the rebound after stopping the decline. The sharp decline in the short term does have a rebound test demand, and it is not recommended to chase shorts at this position.
Several locations that need attention
Support position
First position 0.958-0.945
Second position 0.9
The third position 0.84-0.87
Pressure Position
First Position 1.06-1.07
Second Position 1.11
Third Position 1.15
Daily Market Analysis, like and follow to stay on track.