Crude oil: the first target is about to be reached 🎯
The current pace is basically in line with expectations. We are now gradually moving closer to the first target zone.
For the more aggressive traders, don’t rush to fully take profit. You could consider keeping part of your position to continue pursuing the potential upside. It’s roughly around 88.
If the market can smoothly move to around 88, based on the current entry price, the overall risk-reward ratio also has a chance to reach about 1:6.
背着吉他的北方少年
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Bullish
August 7 Strategy Sharing Oil (CL) long at any market price Level: 1H Stop loss: 75.5 Target: 79.5, 88 Risk-reward ratio 1: about 2; breakout conditions as shown in the chart
My personal trading thoughts and market review records only represent my own views and do not constitute any investment advice. Trading involves risk—please make your own judgment.
August 7 Strategy Sharing Oil (CL) long at any market price Level: 1H Stop loss: 75.5 Target: 79.5, 88 Risk-reward ratio 1: about 2; breakout conditions as shown in the chart
My personal trading thoughts and market review records only represent my own views and do not constitute any investment advice. Trading involves risk—please make your own judgment.
The public sharing a few days ago—LTC just perfectly retraced to 44.3, down to the smallest details; Litecoin is still very steady! $LTC
背着吉他的北方少年
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Yesterday BTC’s short-term bounce rose to around 65,800. Just as it touched the short-term target level, it was pushed back down. This suggests that this current upswing may only be a rebound confirmation.
As mentioned earlier: as long as there is no valid breakout above 67,100, the daily chart structure remains relatively weak. If we look at it from the perspective of bottom-side consolidation, the pullback targets would be 61,000, 58,000; the extreme bearish target could be around 54,000.
Of course, if this round of pullback can hold above 62,000 and does not break the bottom structure, then BTC still has a chance to form a bullish pattern and subsequently challenge 73,000.
The market will never move exactly as expected—what matters most is which direction it chooses next.
As for ETH, watch for the pullback near the neckline around 1,780. If you want to trade for the upside target of 2,040, your stop-loss should still be at 1,670.
For LTC, the key focus for this pullback is support around 44.3. If targeting 50, place the stop-loss at 41.
The biggest issue right now is that BTC’s structure has not fully turned strong. So be patient, wait for the market to show a direction, manage position sizing well, and don’t rush into chasing the order $BTC