PEOPLE's long and short opportunities

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Since the explosive rise in mid-May, note that the volume of rise and transaction is shrinking. The 4H MACD also seems to have signs of exhaustion. It is worth noting that a parallel top has formed near 0.144.

For bulls, if the parallel top is broken again and there are signs of stabilization after the retracement, it is possible to open a position or continue to increase the position, and the stop loss is placed near 0.144, and the profit and loss ratio is very good.

However, the current volume shrinkage seems to be more friendly to the bears. If the stop loss of the bears is hit above the parallel top and then falls back to below 0.144, you can short at the current price and place the stop loss above the previous high. The profit and loss ratio is very, very good.

I don't like watching the market, I prefer the left-side trading strategy, the trading strategy is time-sensitive, all comments do not constitute any investment advice, I wish you all good luck~