2024-09-11 Early Morning Views
Hello everyone, I am your cat brother. I failed the first time I traded small coins. I really recorded it. The 911 tragedy, a person who is most cautious and afraid of risks, let himself go today, and the result was "taken down". I can only say sorry here. I will never talk about small coins in the square again. Although I don’t know if it is really targeted, it is said that a grassroots person has no qualifications to be targeted. It is not worth it to pull such a high increase just for those tens or hundreds of U. It can only be considered unlucky.
It is best not to short the big cake easily in the past two days. For example, in today’s market, the bottom has been sticking to the middle track. Even if you open a short at 572, the downward limit can only be about 1% and the risk is still very high. The left side is against the trend, but it cannot go against the general trend. Since it does not fall below the middle track in 4 hours, we have no way to say that his long position is over. If it falls back to the middle track again (it should be about 200 points higher than the middle track), you can enter a long order. But now it has been pulled up very high, it is unlikely to fall back so much. Then we pay attention to the 573 marked in the figure, whether it can become a new weak support. The current price is 57890. If it falls back to 573 again and does not break, you can buy more there, but you need to bring a stop loss. For example, 571. It has risen so fast, and the positions of the middle retracement are not real supports. However, if it falls below the 570 range, then if it falls, as long as it does not break the middle track line, you will not be trapped.
The 4-hour level top and the daily middle track price almost overlap (597-598). If that is the small top this time, then our current speed is too fast. Later, either a narrow frequency shock + grinding disc will be connected, such as this in the first half of the night today. Or the top is still the previously estimated 628-645, but it feels that 628~645 is a bit high now. This market is really annoying, rising without any rules and falling without reason.
It is important to note today's CPI meeting. If it is lower than 2.9, it is positive. If it is higher than or equal to 3.0, it is negative, and may even lead to a delay in the September rate cut. The current forecast value is 2.6, so be careful of unexpected surprises. This is equivalent to a reinforced signal of a rate cut. As long as it is lower than 2.9, it’s basically stable.
