The current downward trend is relatively clear, so if you want to do swing trading, where should you open a position to sell goods?
👉As shown in the figure below, I personally think that it will rise back to around 68,500 in the next few hours, and then fall to the top. If the pullback is not strong, it may not even reach 68,500.
👋🏻My time is 6 hours behind that of China, that is, after 2 pm, the next 12-hour line will cross and usher in a waterfall. Now this 12-hour line is the last line before the cross, and it has begun to test downward. The next wave of decline will bring a downward spiral due to weak support.
👉The underlying logic is that the seller's power is slightly stronger than the buyer's. After several waves of testing support, the buyer's power is further weakened, and the seller's power accumulates to the critical value. After the decline begins, 1. Buyers will panic sell. 2. More onlookers enter the market to sell. These two reasons are the underlying logic of the death spiral.
The above is a personal analysis and does not constitute investment advice. Please treat it rationally! ! !
I hope it helps you😀
