Hello, brothers and sisters
Reporting: The alarm from this morning has just been processed, monitoring Binance's 330 coins, with 41 alarms, a decrease compared to 94 alarms in the early morning.
First, let's talk about the market:
Currently, the market's 4-hour price is consolidating at a previous high resistance position, with momentum to continue testing the daily line. If it tests the daily line upwards again, it will form a double bottom structure at the 4-hour level. Support at the daily and weekly levels remains stable. The current market trend is very good, favorable for the formation of a monthly structure. Whether it can initiate a wave of monthly-level行情 will be a key week next week.
Details:
In the early morning, I repeatedly observed the structure of the 330 altcoins on Binance; some altcoins' weekly structures continue to weaken and do not follow the market. Being affected by the market's previous high consolidation, the altcoins continue to choose a weak performance. However, the market's weekly structure momentum remains good, and as long as the market continues to support at high levels, many altcoins will follow the market's structure after weak consolidation.
Alarm information and structure analysis as follows:
Market weekly structure: Weekly structure appears, structure remains intact
Market monthly structure: In brewing
Altcoin weekly structure: Altcoin structure follows the market and weakens
Altcoin monthly structure: In brewing
The conclusion is: Waiting for the weekly structure to appear
In terms of operation: Only when the weekly structure appears, the monthly structure is still brewing; at high positions, maintain good stop-loss and take-profit.
Trading logic: Do not trade if the structure does not appear, buy in full when the structure appears, and exit gradually when the structure disappears.
Dragon Country stock closing situation: Bearish
Details:
The market's 4-hour price closed with a bullish candle, and the weekly and monthly structures are in a brewing form, expected to show a weekly structure; next week will be a critical week. The overall trend still tests the daily and weekly lines.
Weekly structure: In brewing
Monthly structure: In brewing
Today's
USD exchange rate: Encountering resistance downwards, weekly previous high resistance effective
EUR exchange rate: Encountering resistance downwards, recent high resistance effective
JPY exchange rate: Encountering resistance downwards, looking for support
CNY exchange rate: Double bottom support, weekly support testing
The conclusion is: Continue to be bearish this week, based on exchange rates and the market price and structure brewing, there may be a change in the bearish impact next week.
In terms of operation: Wait in cash for the structure to appear
Note ⚠️ All posted orders are personal experiences, trading involves risks, and entry requires caution.