Good Monday morning, brothers! I got up at 8 o'clock and sat on the computer to watch the market! When I woke up, I found that the possibility of the downward exploration I saw before going to bed last night had happened. The big cake did test the lower temporary support, but not as much as I expected. The support is still there!
The red line marked in the figure below keeps exploring lower points at the 1-hour level, and then rapidly and widely oscillates to recover to almost the same position in the relatively high range. This phenomenon looks like a trap to lure short sellers, but it is real and the lows are also decreasing relative to each high point!
The strength of power is one of the main factors to test the effectiveness of long and short positions. There is no absolute basis for judging the strength of long and short positions through each pressure, but it can usually play a good predictive effect in unknown price fluctuations!
It didn't drop too much in the middle of the night, but it was not a small amount either. It dropped to around 88735 at around 6 o'clock, which was about 1700 points lower than 90450 last night! Then it quickly pulled back to around 91000 through the four-hour closing line, and is currently retreating below 91000! Here I must emphasize the key position of 91000 (the pressure marked in the figure below)! Whether it will continue to rise or pull back today depends entirely on whether it can effectively break through the two pressure levels of 91600 and 92000. If you want to successfully reach these two pressure levels, you must first see whether you can effectively receive above 91000 at the four-hour level. If you can't close it, it will continue to fall weakly!
However, if this wide range of consolidation trend does not end, each pressure support point can also be used for ultra-short-term trading! The core logic is to see who is less resistant to orders and who makes money and runs faster!
By the way, thank you so many good brothers for reading the content of my post! Thank you all for visiting and following me! My last post before going to bed last night was directly pushed to the third place on the hot list! It’s the first time that an article has reached the top of the list, I’m very excited! I’m not a perpetual profit nor a teacher! I’m still learning! There must be more of my teachers among those who read my views, and everyone is welcome to actively interact with me! Let’s make progress together! I’m happy to ask experts for advice! Let’s catch cattle and eat meat together!
The intraday long and short views can be seen from the closing of the next two or three four-hour K-lines!
The copycat squirrel $PNUT has pulled back a lot, there is potential, but it must be accompanied by heat!
$SOL is relatively strong! The main reason is that the counterfeits on its chain continue to take off and bring the greatest heat to it!
I still hold spot orders for bome, with an average price of around 0.008. Currently, I am in a floating profit, but I still hold my views on this coin. I will take the long term and trade time for space! The same rhythm as shib! I believe it has never pulled up, and when it starts to pull up, everyone will be afraid to buy it!
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