First, let’s talk about #reef
I personally think that the reef shared today has reached a staged high point and will start to fall. If the large level starts to fall, then it is very healthy to retrace to 0.5, 0.618, which means that it will fall back 5 times after rising 10 times from the bottom. Even in the bull market, there is no upward trend that only rises and does not pull back.
I drew a very simple picture, which is really simple. I didn’t say why. It is simple, direct, and violent. From the prompt point, the decline has been 15%.
Let’s talk about #PEOPEL
Just look at the picture directly. Go short near the red line. Can it break through the highest point in the picture and fall back? I don’t know. There may be a false breakthrough and fall back, or it may fall directly. The stop loss is set at 2% of the upper space.
In addition: There is another possibility that it will reach 0.110, but I personally think it will not, because the current position is a high-value fair zone. I don’t know whether it will go there or not, but if a trading opportunity appears, then we will enter the market, set a stop loss, and sleep peacefully. This entry logic is the same as the uxlink and NEIRO recommended yesterday, suggesting long positions. These two coins are also rising, and the increase is not bad compared to our entry point.
——I am Jingmu
