Sister-in-law’s Thoughts Today 8.20
Yesterday, Sister-in-law exited a round of a violent surge. The price surged all the way up to test the 2336 high, but then it encountered heavy sell pressure and was quickly pulled back from the highs to close with a long upper shadow.
In the short term, this rapid push has consumed the bullish momentum quickly, and at higher levels many profit-takers have been exiting. After a surge, the market will likely see extremely violent consolidation. Chasing longs directly is high risk. However, the outlook still retains the possibility of continuing upward to break higher, so you can’t blindly go short.
Today, it’s not suitable to immediately chase a sell-off to open shorts. In the short term there is room for a rebound and repair; rashly chasing shorts can easily get you swept out by a rebound.
Wait patiently for the price to rebound back into the overhead resistance zone before setting up short positions—the risk-reward ratio will be more favorable. If the market again holds above and breaks to a new high, then you should give up the short-selling idea entirely and switch to viewing it in line with the uptrend.
Trading plan: Open shorts in batches around 2270 and 2300. The first target is 2220, and the second target is 2150.
#Coldcard盗窃案调查取得进展 #丰田金融面向散户推出代币化债券 $BTC $ETH
Yesterday, Sister-in-law exited a round of a violent surge. The price surged all the way up to test the 2336 high, but then it encountered heavy sell pressure and was quickly pulled back from the highs to close with a long upper shadow.
In the short term, this rapid push has consumed the bullish momentum quickly, and at higher levels many profit-takers have been exiting. After a surge, the market will likely see extremely violent consolidation. Chasing longs directly is high risk. However, the outlook still retains the possibility of continuing upward to break higher, so you can’t blindly go short.
Today, it’s not suitable to immediately chase a sell-off to open shorts. In the short term there is room for a rebound and repair; rashly chasing shorts can easily get you swept out by a rebound.
Wait patiently for the price to rebound back into the overhead resistance zone before setting up short positions—the risk-reward ratio will be more favorable. If the market again holds above and breaks to a new high, then you should give up the short-selling idea entirely and switch to viewing it in line with the uptrend.
Trading plan: Open shorts in batches around 2270 and 2300. The first target is 2220, and the second target is 2150.
#Coldcard盗窃案调查取得进展 #丰田金融面向散户推出代币化债券 $BTC $ETH