Auntie’s thoughts today 8.18
After this rebound and recovery, when prices probed upward toward the prior high zone, resistance became apparent. The momentum for the upside attack is clearly insufficient. Although the short-term chart printed multiple bullish candles to complete a low-level repair, it did not form a true reversal setup.
On the chart, you can see that heavy historical resistance overhead is suppressing price. This rebound is more of a technical bounce following a decline, not a restart of the bullish trend. In this phase, don’t blindly chase longs. When the rebound meets resistance, that’s the window to set up short positions.
It’s not advisable to short at the current price right away. In the near term, price will keep chopping and grinding in a range. Wait patiently for prices to rise and then fail at resistance before entering.
In terms of trading: place short orders in batches at 1910 and 1930. The first target is 1860, and the second target is 1810.
#IAEA将从叙利亚秘密核设施转移核材料 #美元跌至10周低点 $BTC $ETH
After this rebound and recovery, when prices probed upward toward the prior high zone, resistance became apparent. The momentum for the upside attack is clearly insufficient. Although the short-term chart printed multiple bullish candles to complete a low-level repair, it did not form a true reversal setup.
On the chart, you can see that heavy historical resistance overhead is suppressing price. This rebound is more of a technical bounce following a decline, not a restart of the bullish trend. In this phase, don’t blindly chase longs. When the rebound meets resistance, that’s the window to set up short positions.
It’s not advisable to short at the current price right away. In the near term, price will keep chopping and grinding in a range. Wait patiently for prices to rise and then fail at resistance before entering.
In terms of trading: place short orders in batches at 1910 and 1930. The first target is 1860, and the second target is 1810.
#IAEA将从叙利亚秘密核设施转移核材料 #美元跌至10周低点 $BTC $ETH