FTT has seen a good rise in the past two days, but it has experienced a short-term correction. Judging from the market, the correction is almost over. Next, let’s analyze the four-hour short-term trend based on the market trend.

1. After a wave of rise in four hours, a positive line with huge volume and upper shadow appeared. The long upper shadow indicated that there was pressure from above.

2. Several K-lines of callback all have long lower shadows, which indicates that there is support below.

3. When there is a pullback, the short position shrinks, which shows that the power of the short position is not strong. The pullback is because the short-term profit-makers are leaving the market, or those who were trapped in the market earlier are getting out of the trap.

4. The callback entities of the first two K-lines are shortening, and both have downward effects, which shows that someone is buying at the bottom, and it is also a verification that the short-selling force is not strong.

5. The overall four-hour trend background is an upward trend, and the power of the bears will be weakened in the upward trend.

Through the above clues, we can judge that the short-term short position of FTT in four hours has begun to weaken. This position is a short-term entry point. Generally, strong currencies like this will have a good rebound after the correction. Such short-term opportunities are easy to grasp.

You can catch a short-term wave, but you cannot enter the market for the long term. Entering the market for the long term means chasing highs. For trading, chasing highs and selling lows is a taboo.

Many people lose money by chasing rising and selling falling. If you don’t want to make this mistake, you must learn the skills of reading the market and summarize a trading method that suits you. This will increase the probability of success.

First of all, I would like to state that I write about short-term trading only to build a short-term trading system, not to take orders. My main purpose is to share the techniques and logic of analyzing the market. If you just want to follow orders, you don’t need to contact me, but if you want to learn trading techniques, you can add me to communicate.

The four-hour market changes very quickly. Short-term trading should be exited when profits are good. Don't let yourself be trapped because of greed. Short-term trading emphasizes capital utilization, so you must be willing to take profits and dare to stop losses, otherwise the meaning of short-term trading will be lost.

The above analysis only represents personal opinions and does not constitute any investment advice.

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