I didn't expect it, but the major crypto has still stabilized and moved upward. But the bigger the waves, the more expensive the fish (the greater the volatility, the more opportunities there are).
First, let's look at the daily chart of the major crypto:
The solid drop from the day before yesterday did not break 957, and yesterday's closing was again above 990, which means it may continue to rise. This kind of pin bar is really hard to trade. First, focus on the resistance at 1046 before making a decision.
Let's take a look at the smaller time frames:
All the squares drawn are valid price turning points. The strategy that should have been given yesterday was to buy long at the red line support, but the influence of the extremely long lower shadow led to a decision error in considering a short position. However, as long as a stop-loss is set, it is still relatively safe.
Now the resistance is around 1015-1020, and support is around 975. Choosing a direction at these two prices is relatively safe.
If we look at the 15-minute chart, it may follow the two trend lines, selling high and buying low, chasing breakthroughs.
Resistance above at 1035, support below at 992.
I suggest everyone observe the support and resistance in real trading before considering placing orders. The current prices are not suitable.
Today's trading strategy analysis is complete. What do you think, dear viewers? Feel free to discuss and exchange thoughts in the comments. This is your little fan who analyzes for free every day (heart emoji).
