Those who can buy are apprentices, those who can sell are masters, and those who understand empty positions are the ancestors! In trend swing strategies, the choice of buying points is secondary, while selling points are key; however, good capital management is the soul of trend swing trading.
The market is once again showcasing a dramatic rebound from oversold conditions. This was already hinted at in yesterday's short article. It's time to pay attention to the standard upward channel's rules. It was also mentioned that breaking below the upward trend line would lead to a retest near the needle point of December 6, but the intensity of the needle wash exceeded expectations. The short-term recommendation is to go long at 3850-3830, and the market rebounded to around 3947 from 3838, providing a small rebound space of 90-100 dollars.
On the daily level, the K-line has pierced through and virtually broken the mid-track, testing near MA30, and has rebounded to re-establish above the mid-track. In the short term, the mid-track and MA30 can be referenced as support zones. On the 4H level, the market has broken below the support of MA60 and the trend line. According to the principle of top-bottom conversion, the short-term reference for resistance can be set near MA60 and the trend line. After the oversold rebound, if a second bottom confirmation occurs, it will test the chip area from the end of last month and the beginning of this month, so the short-term support should first focus on this area. For intraday short-term trading, first reference resistance and support for entry; if a breakout occurs, adjustments will be made and updated.
12.10 Short-term advice from Auntie: If 3850 does not break, short at 3800-3830, looking for 80-150 points.
If 3530 does not break, long at 3580-3550, looking for 80-150 points.
The above suggestions are for reference only; please manage your risk well.
Wishing you successful trading!
Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice from Auntie, find Gege.
Written by/I am Trader Gege, a friend willing to help you rise again.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
