The bulls are too strong!
Now we just need to wait for the trend to reverse after reaching 63,800!
I am quite familiar with this scenario. Next, the bulls will diss the bears, and the bulls will burst out with suppressed emotions!
Then there are still many determined bears who continue to insist... like being cyberbullied...
Sorry, I have passed this stage. After reaching 63,800, I will also be crazy bullish, hahaha!
However, before the daily closing confirms that it is above 63,800, we still maintain a cautious mindset. After all, this rebound is somewhat similar to that in October 2019. It is not ruled out that a scenario will trigger a chain of short liquidation, causing the price to rise rapidly to 65,500 and then close below 63,800.
As always, I will try my best to remain objective. The conditions for turning bullish on the technical level are limited to:
1. The daily closing is effectively above 63,800;
2. The daily closing price completely recovers MA100;
3. The 4h level of ASR-VC turns to a bullish trend.
Before that, we will still maintain the idea of long-term oscillation downward until the conditions are met and we will turn to long positions!
I know that I will continue to be insulted by bulls for saying this, but it doesn’t matter. You have been under the emotional pressure brought by the long-term decline for more than a month. Now is the time to release it. After so long, it’s time to be cool and carefree!
Finally, friends who have problems with operations are welcome to communicate and learn together. I hope everyone can establish their own trading system, use trading to make money, and reap their own success.
