Eat meat on the weekend with Kong, continue the rebound with Kong. Good morning, brothers. The weekend volatility was fairly stable. After a dip on Sunday, there was a rebound. Near the important support divergence level, the movement will be more volatile. Sunday's close was near 90,000, the rebound had low volume, and the weekly candle closed as a long lower shadow doji, hovering near the 5-day moving average resistance. On the 4-hour chart, MACD shows a low-volume rebound, and the MACD red bars above zero are not expanding. Old A believes that the consolidation and shakeout phase will be more repetitive. You can go short at the upper range, then buy back at the lower range.
Short around 91,500-92,000, add shorts around 92,500-93,000, target 89,500, with strong momentum target 87,000. Short around 3,150, add around 3,200, target 3,050, with strong momentum target 2,900. If the retest at 89,500-89,000 fails to break down, and if 3,050 fails to break down, you can take a short-term long position, targeting 93,000-94,000, with titanium at around 3,180.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Eat meat on the weekend with Kong, continue the rebound with Kong. Good morning, brothers. The weekend volatility was fairly stable. After a dip on Sunday, there was a rebound. Near the important support divergence level, the movement will be more volatile. Sunday's close was near 90,000, the rebound had low volume, and the weekly candle closed as a long lower shadow doji, hovering near the 5-day moving average resistance. On the 4-hour chart, MACD shows a low-volume rebound, and the MACD red bars above zero are not expanding. Old A believes that the consolidation and shakeout phase will be more repetitive. You can go short at the upper range, then buy back at the lower range.
Short around 91,500-92,000, add shorts around 92,500-93,000, target 89,500, with strong momentum target 87,000.
Short around 3,150, add around 3,200, target 3,050, with strong momentum target 2,900.
If the retest at 89,500-89,000 fails to break down, and if 3,050 fails to break down, you can take a short-term long position, targeting 93,000-94,000, with titanium at around 3,180.