#新币挖矿CATI #新币挖矿HMSTR
Brothers, the recent market situation is a perfect interpretation of these eight timeless formulas. Today I will find a few corresponding trends for you and review them with you:
1. The decline of the rising channel is considered a trap for short selling:
Although the trend in the rising channel has a short-term decline, each decline point is constantly too high, and new highs appear. Therefore, the overall trend is still bullish, a typical inducement to short! The callback is a good opportunity to arrange long orders, rather than shorting, which can easily lead to losing the big picture and eating fly meat and losing the elephant leg.2. The rise in the descending channel is considered to be a bullish inducement:
Many people are easily fooled by the rising market in the descending channel, thinking that the rise is an opportunity. In fact, in most cases, they are deceived! Simply put, it is to make you mistakenly believe that the market is going to rise, so you rush in to do more, but in the blink of an eye, the market continues to fall, and you are directly trapped. Especially in the descending channel, every rebound looks like a good opportunity, but in fact it is just a "trap" set by the market. How to see through this kind of leverage now? First of all, start the trend. As long as the downward channel has not been broken, no matter how big the rebound is, don't rush to do more. The support and resistance positions are also key points. Every time the price touches the resistance level and goes down, it is actually telling you not to be fooled.3. High sideways trading is considered selling:
When the coin reaches a high level and suddenly stops moving, you should be careful at this time, because the dealer may be slowly selling the coins, which is a good time for you to go short.4. Sideways trading at a low level is considered as accumulation:
When the price of a currency consolidates at a low level for a long time, it is mostly to accumulate funds in preparation for a future wave of increases.5. Buy when the price drops slightly during an upward trend:
Because the market cannot always rise in a straight line, the intermediate pullback is actually near the support level. The most important thing is that you have to confirm that this upward trend has not been broken. As long as there are more small declines in the upward trend in batches, the opportunity is right in front of you!6. Sell when the price rises slightly in a downward trend:
Many people rush in when they see the price rebound, but in the overall bearish trend, this rebound is basically a lure to buy more, and the correct operation is to quickly stop profit. The high point keeps going down, and the next high point may be your bargain hunting position.7. If the support level is held for a long time, it will be lost:
In a bearish trend, a rebound does not necessarily mean that the market will recover. If the rebound is not strong enough and fails to break through the downward trend line above or create a new high, then the bulls basically have no strength left. Especially when the price is hovering near the support level, rubbing back and forth but unable to go up, it is becoming more and more dangerous, indicating that the market bears have the upper hand, and it is only a matter of time before the support is broken. When the support level cannot be maintained, the rebound force is weak, and the bulls are weak, it often means that the support has been lost, and the next wave may be a more violent decline. Therefore, when you see that the rebound is coming, you should be anxious to go long, keep an eye on the key trend line and the high point breakthrough, and be careful if there are no such signals.8. Resistance level will be broken after a long attack:
By the same token, although there was a decline, the bullish trend was not broken. Instead, it consolidated near the resistance level, and the resistance level will be broken sooner or later. So don't rush to short after it goes up, wait for a reversal before taking action.These tips are summarized from lessons learned through blood and tears. Only by keeping a steady mind and staying calm in the market can you reap the profits!
$ETH
