Cheng Xi analyzed the market outlook and operational suggestions this morning:
Yesterday night, a surge reached the target point, allowing yesterday's layout to gain 500 points of space, and it was also successfully settled, allowing friends to have a snack. We are still ready to go according to the current sailing situation!
From the perspective of trend structure, at the daily level, the price ratio is gradually rising, and the upward trend has also formed. Although each upward surge is followed by a retracement, it does not affect the overall price rise. Every time The retracement did not carry out a deep decline. The retracement was also to find a new support below.
Judging from the 4-hour trend, as the strength of the retracement gradually weakens, the lows of the retracement become higher and higher, and the power of the short sellers begins to weaken. This is when the bulls gradually begin to exert their strength. The short-term trend has shown a kind of see-saw pattern with no continuation. Just now, it has also experienced a pullback as expected. This is also an extremely critical signal. Every rise will be accompanied by a fall, and this time is no exception. However, such a fall will basically reach near the bottom support, so we can proceed with the idea of progressing in the morning.
Cheng Xi suggested:
Directly open Duodan near 28600 - defend 28300 - just look at 29000 as the target
Some friends have lost their direction after being trapped and are reluctant to stop their losses in time, but what Cheng Xi wants to tell everyone is not to end up with a bigger loss just for such a small loss. The mentality is very important. Of course, if you are interested in the market outlook, Cheng Xi is also Friends are welcome to communicate together! $BTC #zkevm #sui #bnbgreenfield #etf #ftx
Yesterday night, a surge reached the target point, allowing yesterday's layout to gain 500 points of space, and it was also successfully settled, allowing friends to have a snack. We are still ready to go according to the current sailing situation!
From the perspective of trend structure, at the daily level, the price ratio is gradually rising, and the upward trend has also formed. Although each upward surge is followed by a retracement, it does not affect the overall price rise. Every time The retracement did not carry out a deep decline. The retracement was also to find a new support below.
Judging from the 4-hour trend, as the strength of the retracement gradually weakens, the lows of the retracement become higher and higher, and the power of the short sellers begins to weaken. This is when the bulls gradually begin to exert their strength. The short-term trend has shown a kind of see-saw pattern with no continuation. Just now, it has also experienced a pullback as expected. This is also an extremely critical signal. Every rise will be accompanied by a fall, and this time is no exception. However, such a fall will basically reach near the bottom support, so we can proceed with the idea of progressing in the morning.
Cheng Xi suggested:
Directly open Duodan near 28600 - defend 28300 - just look at 29000 as the target
Some friends have lost their direction after being trapped and are reluctant to stop their losses in time, but what Cheng Xi wants to tell everyone is not to end up with a bigger loss just for such a small loss. The mentality is very important. Of course, if you are interested in the market outlook, Cheng Xi is also Friends are welcome to communicate together! $BTC #zkevm #sui #bnbgreenfield #etf #ftx
