Trend trading is very appealing. When the candlesticks touch the trendline you drew, you’ll feel a great sense of accomplishment. Of course, you should know that most of it comes down to luck!
Current price: 5.011, 24-hour change: -4.77%; this 4H candle closed bearish, down 2.22%.
How to read the chart: • After bottoming at 4.527, price rebounded and is now retesting the area around MA30 (4.982) • Price is between MA7 (5.210) and MA30 (4.982): weak in the short term, but the medium-term structure remains intact • RSI(6) at 40.8 is weak but not oversold; RSI(12/24) is in the neutral 48–49 range, so bears have not taken full control
My view: If 4.98–4.79 holds, a rebound toward 5.20–5.44 is still possible as long as the retest holds; if 4.79 breaks, watch for a move toward the previous low at 4.53. This is a mild pullback, not a panic-driven surge in volume. Sentiment is neutral to slightly bullish, but the 4H moving averages are not looking strong, so don't rush to chase the price.
⚠️ Personal chart notes, not investment advice. DYOR
#牛来 Bulls are rising 0.12; this should be a resistance level. If it breaks above 0.12, look at 0.14; if it breaks above 0.14, look at 0.16. If 0.12 can’t be broken, then it will fall back 👀