Those who can buy are apprentices, those who can sell are masters, and those who understand how to hold cash are the ancestors! In trend swing strategies, the choice of entry points is secondary, while the exit points are key. However, good capital management is the soul of trend swing trading.
After a sharp decline, the market has entered a consolidation phase with a rebound on the daily chart, but it has not yet stabilized above the MA7. In the short term, we should focus on this level. If it can fully break through and stabilize, we need to pay close attention to the boundary between 3320-3360, which can temporarily be regarded as a defense line for whether the bulls can continue. Tonight, the CPI data will be released, which will certainly bring some volatility to the short-term market. For intraday trading, we should focus on support and resistance.
The first intraday short-term support on the daily chart is near the EMA200, followed by around 3000. If the subsequent market can break out of the box with a sharp decline, there may be a good market around the Spring Festival, so we should patiently wait for this opportunity.
Although the 4H level has broken through the middle track, the resistance at MA30 is still being tested, so we need to observe further. If it stabilizes upwards, we should focus on the areas near MA60 and EMA200. In the short term, we should mainly look for buying opportunities on pullbacks, paying attention to the levels around 3100 and 3000.
1.15 Short-term suggestions for the market: If 3100 holds, buy between 3150-3130, targeting 80-150 points.
If 3030 holds, buy between 3080-3050, targeting 80-150 points.
The above suggestions are for reference only; please manage your risk.
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 suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions, find Gege.
Written by: I am Trader Gege, a friend willing to accompany you in your resurgence.
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