Hello brothers and sisters, a large number of altcoins are still maintaining their weekly structure and following the market structure. It really feels like a large army is preparing before the battle. Thousands of troops are gathering, I am just waiting for the monthly structure to appear.
Report:
The alarm at 8 AM has just been handled, monitoring 330 coins on Binance, with 27 alarms, an increase compared to 9 alarms at midnight.
Let’s talk about the market first. Currently, the 4-hour price of the market has bounced after a night of decline touching the daily line. This rebound needs to form an ending structure to stop the decline, but no ending structure has appeared yet. If this support also brings a synchronous monthly structure, the market will enter a bullish phase. At that time, if a large number of altcoins complete their weekly and monthly structures, they will surge explosively to release the long-standing bottom consolidation. If a large structure appears, I will send information.
Brothers and sisters, please pay attention to the information in a timely manner.
Details:
At 8 AM, 330 coins continue to be monitored for structure, numerous altcoins are still maintaining their structural preparation, and many structures show a tendency to follow the market, maintaining a good momentum. As long as the market continues to be supported at a high level, many altcoins will complete their structural gathering during this time.
Alarm information and structure analysis are as follows:
Market weekly structure: Weekly structure appears, structure remains intact
Market monthly structure: In preparation, continuing to observe monthly structure
Altcoin weekly structure: Altcoin structure follows the market weekly structure
Altcoin monthly structure: In preparation, some follow the market
The conclusion is: Build up strength and wait, only trade weekly structure.
Operational aspect: Only trade if a weekly structure appears, the monthly structure is still in preparation; exit at previous high positions, ensure proper take profit and stop loss.
Trading logic: Do not trade if the structure does not appear, buy in full when the structure appears, exit gradually when the structure disappears.
Situation of Dragon Country stock market opening: Bearish
Details:
The market's 4-hour price has fallen with a bearish candlestick, facing resistance in upward testing since neither the weekly nor monthly structures have appeared, the overall situation is still testing the daily and weekly lines.
Weekly structure: Not appeared Monthly structure: Not appeared
Today's USD exchange rate: Continuing to weaken
RMB exchange rate: Strengthening after support, mid-term stock outlook remains bearish
Operational aspect: Wait in cash for the structure to appear
Note ⚠️ All trades sent are based on personal experience, trading involves risks, and caution is advised when entering.