Hello, hello! Welcome to the exclusive channel of the new crypto content creator—Little White! Here, I will provide daily unpaid 'market analysis'. Please don’t take it seriously; it's purely for entertainment (disclaimer). If any predictions match, it’s purely coincidental (dog emoji).
Now that you follow my channel, you are the future seasoned fan! Let's embark on this wonderful journey together, progressing from beginner to the peak of being a 'trading master'! (Although that sounds a bit exaggerated, it's good to have dreams!)
Remember, trading is just a growth journey in our lives. Don’t focus too much on gains or losses; happy trading is what matters.
First, let's look at the daily chart:
Yesterday, both long and short positions battled near 915-950, but in reality, the bearish forces dominated, with MACD turning red and continuously strengthening.
As mentioned yesterday, the resistance is at 940-950; the strategy is to place orders above 951. Unfortunately, we were about 40 points off. Let's review yesterday's market in smaller time frames to see if the analysis was correct.
One hour:
Yesterday's mentioned resistance at 940-951 and support at 916; in live trading, short near 950, take profit at 916, then go long again, confirming that 946 is under pressure, then short again. A nice triple profit, quite comfortable (hehe).
Let's take a look at the trading opportunities in smaller time frames:
First, the top and bottom levels: resistance is between 930-925 and support is between 895-884.
Today's entry strategy:
Short: 930, Stop loss 937
Long: 895, Stop loss 887
There is no right or wrong in long or short positions; price is the key.
Today's trading strategy analysis is complete. What do you think, esteemed viewers? Feel free to discuss and exchange ideas in the comments. This is your little white, providing daily unpaid analysis (heart emoji).