Those who can buy are students, those who can sell are masters, and those who understand holding cash are the ancestors! In trend wave strategies, choosing the entry point is secondary, while the exit point is key. However, good capital management is the soul of trend wave trading.
Last night, the market experienced a roller coaster with nearly $200 fluctuations, going up and down with little change in price. Is your position appreciating or shrinking? The market can be like this at times; you need to maintain a rational and objective approach. There are no major news events this week, but as we approach the end of the month, market fluctuations may be significant, so be prepared for risk management.
From the four-hour technical perspective based on candlesticks, there isn't much to say. Short-term still relies on the high points as a reference. Initially, look for support at the 3280 line, which has rebounded twice; if it unexpectedly breaks down, extend to look for support at the 3180-3170 line.
The market won't stay calm forever; it will break the balance at some point. Investment must be rational. If you cannot understand it, just observe and do not act.
11.26 Short-term suggestion: don't break 3550, short at 3500-3530, look for 80-120 points
Don't break 3250, long at 3300-3280, look for 80-120 points.
Don't break 3170, long at 3220-3190, look for 80-150 points.
The above suggestions are for reference only. Please manage your risks.
Wishing you successful trading!
Alright, friends, we will say goodbye until next time. I wish everyone better and better performance, and 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 regarding Bitcoin, find Gege.
Article by: I am trader Gege, a friend willing to accompany you in your resurgence.
