Do not worry about having no friends on the road ahead; there are like-minded individuals on the investment journey. Good afternoon, everyone! I am the King of Coins from the Coin Victory Group. Thank you all for coming here to watch the King’s articles and videos, and I hope that the brothers who have been following the King will return.
Click the link to watch the video:https://www.bilibili.com/video/BV1sg1jYgEvR/
Let’s take a look at the specific trend of Bitcoin. From the daily chart, after a long bearish candle on Friday, the market rebounded and has been forming small bullish candles consecutively. Currently, there is a trend of three consecutive bullish candles, but considering that the market is approaching the top support, we still cannot chase long positions when operating. Additionally, the strength of the bullish candles over the weekend is overall weak, so during the layout process, we can operate around the already established top and bottom of the range.
Today’s short-term trading ideas suggested by the King are:
Bearish strategy: If the price reaches around 68600, you can directly enter a short position. If it breaks below 66500, you can continue to short with a target of 65200. If there is an unexpected stop loss and the price reaches around 69500, you can enter a short position again, with a stop loss above 70000.
Bullish strategy: If the price drops to around 67200, you can enter a long position with half of your normal position size, with a stop loss of 300 points. The second entry position at around 65500 can also be a long position, with a stop loss of 300 points.
This is the strategy for Bitcoin today. If any friends are stuck in positions, feel free to reach out to the Coin Victory Group, and I will help you solve the problem.
Now let’s take a look at the Ethereum market. First, looking at the daily chart, it is quite similar to Bitcoin. After a deep pullback, the market has shown a small three bullish candles, but it has not recovered the losses from Friday, indicating that the short-term pressure on Ethereum is still quite severe, and the upper space has not opened up. In terms of layout, we can operate around the top and bottom of Friday's candlestick. For entry position suggestions, the King recommends:
Bearish: If the price reaches around 2540, you can enter a short position with a stop loss of 30 points and a target of 100 points to reduce your position.
Bullish: If the price drops to around 2450, you can make your first long entry with half of your normal position size, with a stop loss of 15 points. The second entry position around 2380 can be a normal entry.
This article is independently written by the Coin Victory Group. Friends in need of current price strategies and solutions can find the Coin Victory Group online. Recently, the market has been mainly characterized by fluctuations, accompanied by intermittent spikes. Therefore, when trading, please remember to control your take profit and stop loss. In the future, when facing major market data, the Coin Victory Group will also organize live broadcasts across the internet. Friends who wish to watch can find the Coin Victory Group online and contact me for the link.
Mainly focused on spot and contract trading, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in styles such as mobile locking strategies around high and low support and resistance for short-term fluctuations, medium to long-term trend positions, daily extreme pullbacks, weekly top predictions, and monthly head predictions.
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