For those who have short orders, please note that the stop loss should be moved down to the original price after locking in profits.
Shared on the evening of 5/14/2024:
BTC market analysis: After the big cake drew the door twice, it has been here for two or three days. After the current short structure continues to the target position (580-600), a rebound is formed, and now the short structure has not been broken. Trading opportunities: Friends with short orders should follow the instructions in the previous post to lock in profits and pay attention to the defensive stop loss (original price). Friends who are empty-handed continue to wait and see: 1. Enter the market on the right side of the continuation of the daily short structure, or find a buying point in the buying zone to enter the market and go long; 2. After the short structure is broken, enter the market according to the long structure at the 4-hour/daily level and go long.
Pepe market analysis: The potential short structure mentioned in the previous post has been broken, and the heaviest selling zone has also been broken. The contradiction mentioned some time ago finally went long. The first selling zone of the daily line is 126-153. Trading opportunities: The short position on the left has been stopped out, so it is not recommended to continue shorting; for those who are short-handed, it is not recommended to chase long positions. You can wait and find a long structure at the 4-hour/daily level to enter the market and go long. If you have taken long positions in the bottom buying zone, you can stop profit near the previous high. Keep the position and bet on the target position (the first selling zone mentioned above). There will be a prompt later.
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