First Round of Rise:
Starting point $5.109, lasting 138 days, rise magnitude 876.45%, Fibonacci consolidation channel 0.5-0.786 ($27.395-$40.213) during which the bears failed three times to break the Fibonacci channel 0.5 ($27.395).
Rising to the highest point of $49.79, MACD divergence with huge selling volume, the fourth pullback successfully hit the Fibonacci 0.5 support level, initiating a pullback consolidation trend (lasting 66 days, pullback magnitude 78.11%, $10.372).
Highest point $49.79 (failed to break $50), second highest point $48.381 (failed to break $50).
Second Round of Rise:
Starting point $10.671, lasting 106 days, rise magnitude 411.43%, Fibonacci consolidation channel 0.382-0.786 ($27.708-$45.750) during which the bears had three false breakouts below the Fibonacci channel 0.382 ($27.708).
Highest point $55.094, second highest point $53.852 (failed to break previous high), initiating a pullback consolidation trend (lasting 715 days, pullback magnitude 93.43%, $3.557).
Third Round of Rise:
Starting point $3.557, lasting 146 days, rise magnitude 226.25%, Fibonacci consolidation channel 0.236-0.618 ($5.540-$8.763) during which the bears broke through the Fibonacci channel 0.382 ($6.801) five times.
Highest point $11.950 (failed to break $12), initiating a pullback consolidation trend (lasting 234 days, pullback magnitude 69.61%, $3.557)
Fourth Round of Rise:
Starting point $3.746, based on the previous round's Fibonacci trend extension channel, now firmly above 0.786 ($10.134)
Today's closing price is stable at $10.134 ↑ short-term investors can set a position protection price of $9.678, long-term investors can set a position protection price of $8.466.
If you are currently losing and don't know what to do, you can click to follow me, click my avatar to find me anytime, I share all contract and spot trading strategies. Just to gain followers