After these two days of gradual decline and probing, some preliminary support has been confirmed. Let's take a look at the charts to see if there are opportunities to go long.
First, let's take a look at the daily closing:
We can see that there were two pin bars testing the support around 922 (double pin bottom), and the closing price is also above 942, showing signs of a halt in the decline, indicating that the selling pressure during the holidays is starting to decrease. As long as 922 does not break, we can consider entering long positions.
Let's look for intraday trading opportunities at a smaller time frame.
Now, let's look at the 4-hour level:
The red trend line has broken; as long as it doesn't break below 937 on a pullback, it can be considered a confirmation of a halt in the decline. Therefore, we can consider a long position near 937. If it breaks below, we need to be cautious of the possibility of a continued pullback and decline. The upper resistance levels are 957, 964, and 996.
So today's long position idea: observe the support around 940~937 in real trading, stop loss at 935, wait for support around 925, stop loss at 920, if it breaks, wait around 90,000.
The strongest support below is around 80,000. If the 4-hour candlestick breaks below 922 and does not close back above, then we can wait for an entry around this area.
The analysis of the morning trading ideas is complete. What do you think, esteemed viewers? You can discuss and exchange ideas in the comments. This is your little white who loves you, providing daily unsolicited analysis (heart emoji).
