The recent market movements have left me dizzy. Let me organize my thoughts; perhaps my previous trading methods are still effective: short at important resistance levels, go long at key support levels, ( with a reasonable stop-loss, lower leverage and lighter positions are more comfortable ).
The market has never moved in a straight line, continuously rising or falling; it always pulls back after a rise, rebounds after a pullback, and breaks through after a pullback.
If the support around 940 can hold, there will be a big trend ahead. If it can't, the market will end, and prices could drop to 90,000 or even lower. Currently, with so much capital accumulated and still on the opportunity list, the bullish trend is still ongoing, but it may need to pull back to key levels for some consolidation.
Today, I specifically organized some recent important support and resistance levels. Many people have asked me before how to catch the entry points; these levels might serve as a reference. #BTC # ETH #valuescan
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The recent market movements have left me dizzy. Let me organize my thoughts; perhaps my previous trading methods are still effective: short at important resistance levels, go long at key support levels, ( with a reasonable stop-loss, lower leverage and lighter positions are more comfortable ).
The market has never moved in a straight line, continuously rising or falling; it always pulls back after a rise, rebounds after a pullback, and breaks through after a pullback.
If the support around 940 can hold, there will be a big trend ahead. If it can't, the market will end, and prices could drop to 90,000 or even lower. Currently, with so much capital accumulated and still on the opportunity list, the bullish trend is still ongoing, but it may need to pull back to key levels for some consolidation.
Today, I specifically organized some recent important support and resistance levels. Many people have asked me before how to catch the entry points; these levels might serve as a reference.
#BTC # ETH #valuescan