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This issue is a detailed explanation of the naked K series regarding fully naked K lines. Like and save this article to easily observe the market!
Below is the recent hottest XRP 1-hour line real market analysis👇
We have found 3 fully naked K lines (special K lines), marked as 1, 2, 3.
Step ①: Determine the major trend: consolidation, rising, or falling?
It is not difficult to find that the current overall price levels are wrapped by a long red K line, which means it is in a state of 'consolidation', with bulls and bears constantly exhausting their battle.
At the same time, it can be observed that during the period of December 4th, there was an attempt to break through the opening price of the first fully naked K line, which failed.
Step ②: Since it is consolidation, what pressure levels are constraining it?
1 The overall range of consolidation falls within the range of the long red K line and is wrapped by it.
2 Local small pressure zones are established through some special K lines:
Observe the K line, draw a horizontal line that touches as many points as possible, representing that this price level has been tested multiple times, forming pressure, which is the 'closing price of K line 2' (draw a horizontal line at its closing price, and you will find that many subsequent points fall precisely at this price level, proving that this special price level has pressure) and the 'opening price of K line 3.'
The area between these two price levels is a small pressure zone within our consolidation range.
3 Drawing lines requires constant attempts, principle: more points form lines.
Possible operational suggestions:
Consolidation observation: The pressure from the long red K line is high, and combined with the chip distribution function, it can also be seen that the pressure level is at point 1.
Long position: Wait for a breakout of the 2-3 range with a strong green K line before placing a long order, set your own take profit and stop loss.
Short position: Place a short order after hitting point 1, profit from the consolidation market, set your own take profit and stop loss.
⚠ Note: The above operational suggestions do not constitute investment advice, and no specific cryptocurrency is recommended. Please trade rationally within your capacity!
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