1.4 Afternoon Thoughts and Trading Suggestions
Good afternoon everyone! The weekend is here, and the market is starting to consolidate again, which is both exciting and frustrating. Last night, the big coin surged, and I thought it would break through the 99,000 mark in one go, but it lost momentum at 98,900. It seems that the upward strength is still a bit lacking. The second coin also hit the pressure level of 3,630 last night before starting to pull back.
Currently, the big coin is undergoing a one-hour level pullback, with support seen at 97,200. As long as this support level holds, we remain bullish. The upper pressure level is around 99,200, and for intraday trading, we can make short-term trades around these support and resistance levels. The second coin is also in a one-hour level pullback. The support level below is 3,550; as long as it does not break this retracement, we still look bullish. The upper pressure is around 3,650, so please pay attention to that.
The afternoon levels for the big coin and the second coin can continue the morning strategy: 7474, 4919, 1004, 1472, 7754, 7869, 2685, 7615, 6156.