Those who buy are apprentices, those who sell are masters, and those who understand how to hold cash are the ancestors! In trend wave strategies, selecting buy points is secondary, while the sell point is key. However, good capital management is the soul of trend wave trading.
Auntie's weekend market fluctuations were a bit beyond expectations. On the daily chart, Saturday saw a wave of catch-up touching the 3500 line and then retracing. Sunday closed with a bearish retracement around 3280, followed by a rebound. On the four-hour chart, there was a rebound around the 3260 and 3280 lines, so short-term support can still reference this line. If there is an unexpected drop below, extend to look for support around 3170-3180 before re-entering. The short-term resistance above should focus on the previous high area, if broken, readjust. The investment market changes rapidly, so remain vigilant at all times. During normal times, it's best to sit quietly; the less trading, the better; patiently wait for opportunities to arise.
11.25 short-term suggestion: support at 3500, go short at 3450-3480, target 80-120 points
3250 is the support level, go long at 3300-3280, target 80-120 points
3170 is the support level, go long at 3220-3190, target 100-150 points
The above suggestions are for reference only, please manage your risk well.
Wishing you successful trades!
Alright, friends, we will see you next time, wishing everyone better and better in trading, may your journey in the crypto world be smooth and prosperous! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions from Auntie, find Gege.
Written by / I am trader Gege, a friend willing to accompany you in your resurgence.
