$PI Daily reminders: If you don't understand, don't act. In a downward trend with no obvious change, hold back, watch more, act less, and stay patient. Yesterday, I mentioned waiting until the MACD on at least the daily chart forms a second golden cross, which is more reliable. Because market sentiment can change at any time, no one can predict this. What we can do is focus on high-probability events, lose less, and earn more. The MACD on the daily chart has not moved toward the zero line, and today it also broke a new low of $0.15, which was expected a few days ago—$0.15 is unsustainable. $0.147 is right at the lower band of the weekly Bollinger Bands. Now, with two long lower shadows on the daily chart and a new low, overall, we're not far from the bottom. Still mainly observing; as long as there is capital, opportunities will come.
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WallStreetTrendResearch
· 15h ago
In the absence of any other indicators, the only choice is to focus on assets in the main upward trend. During other times, it's just like a hunter waiting patiently for prey to appear.
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WallStreetTrendResearch
· 15h ago
The biggest flaw of this software is that it does not display chip distribution. Otherwise, you could see whether the main force is building a position and whether the building is complete, as well as whether it's a rally or a shakeout and whether there is distribution, all clearly visible. With a chip distribution chart, we would only focus on the profit from the rally phase, which is the fish body. Sometimes, even after the position is built, it doesn't rally; it may take a long time or continue to be suppressed downward, which can be very frustrating. Therefore, there's no need to waste too much time on other phases; just focus on the volume breakout and platform rally phase, and wait during the rest of the time.
$PI Daily reminders: If you don't understand, don't act. In a downward trend with no obvious change, hold back, watch more, act less, and stay patient. Yesterday, I mentioned waiting until the MACD on at least the daily chart forms a second golden cross, which is more reliable. Because market sentiment can change at any time, no one can predict this. What we can do is focus on high-probability events, lose less, and earn more. The MACD on the daily chart has not moved toward the zero line, and today it also broke a new low of $0.15, which was expected a few days ago—$0.15 is unsustainable. $0.147 is right at the lower band of the weekly Bollinger Bands. Now, with two long lower shadows on the daily chart and a new low, overall, we're not far from the bottom. Still mainly observing; as long as there is capital, opportunities will come.