Hello brothers and sisters, the market correction has provided a great opportunity for many altcoins to brew their structures. A lot of altcoins are brewing weekly structures, and the next few months are bound to be extraordinary. Are you ready with your bullets, brothers and sisters? It's time to get busy.
Just a report on the alerts that were handled early this morning; I monitored 330 coins on Binance, with 9 alerts, which is a significant decrease from 99 alerts at 8 AM.
First, let's talk about the overall market. Currently, the market's 4-hour price has been continuously testing the daily level throughout the day. Tonight, after touching the daily line, it will seek support levels. If this support holds and leads to a monthly structure synchronization, the market will begin a bullish trend. At that time, if many altcoins complete their weekly and monthly structures, they will surge explosively, releasing the long-standing bottom consolidation. If many structures appear, I will send a message; brothers and sisters, please pay attention to the information in a timely manner.
Details:
This morning, I continued to observe the structure of the 330 coins, and many altcoins are still maintaining their brewing structures, showing a tendency to follow the market with good momentum.
The analysis of alert information is as follows:
Market Weekly Structure: Weekly structure has appeared, and the structure remains intact.
Market Monthly Structure: Monthly structure formation has appeared, and continuous observation is ongoing.
Altcoin Weekly Structure: Most altcoins are brewing structures, following the market.
Altcoin Monthly Structure: In the brewing phase, some are following the market.
The conclusion is: Only trade weekly structures, accumulate bullets, and wait for significant structures to appear.
Operational aspect: Only when a weekly structure appears, the monthly structure is still brewing,
Exit at previous high positions, with good take-profit and stop-loss measures.
Trading Logic: Do not trade if the structure does not appear; buy in full when the structure appears, and exit gradually when the structure disappears.
Stock Market Closing Situation: Bearish
Details: The market's 4-hour price continues to close with a bullish candle and is testing upwards, as neither weekly nor monthly structures have appeared, the overall trend still tests the daily and weekly lines.
Weekly Structure: Not appeared
Monthly Structure: Not appeared
Today's USD Exchange Rate: Weak after facing resistance
RMB Exchange Rate: Strong after support, stocks continue to be bearish in the medium term.
Operational aspect: Stay in cash and wait for structures to appear.
Note ⚠️ All trades mentioned are personal experiences; trading involves risks, and entry should be cautious.