Let’s skip talking about noon today. I’m guessing a lot of you guys aren’t feeling too great either. The curse of the market dropping every time there’s a meeting still hasn’t been broken. The market makers just changed their playbook this time: they used to pull stuff in the middle of the night, but I didn’t expect them to hit us first thing this morning. It feels a little strange. If BTC’s daily candle can’t close back above 85 after that wick down, the daily chart will start a pullback. The major support below is around 825–83. As long as that doesn’t break, we should still bounce; if it does, then we’re really screwed.
At noon on Monday, I said the previous high still hadn’t been broken, so wait for a pullback before going long. On Monday night, I also said the weekly divergence was severe and a pullback was due. That’s why I was willing to suggest taking small short positions up there. This drop hasn’t been all that big; only ETH, that piece of trash, has broken below the bottom of its daily consolidation range. The importance of using a fixed stop loss—which I’ve been emphasizing for the past two days—is clear now.
Today, we’ll see whether the bounce has any strength. If it doesn’t, the decline will continue. A deeper pullback would only come if the morning wick breaks below the previous low. If the previous low holds, the price should consolidate at the bottom and then make a small bounce. You were willing to chase longs when prices were rising, so now that we’ve already dropped this much, surely you’re not afraid to go long near support if we fall further!
$BTC : If it bounces to around 85000 today, take a small short position; add at 86500–87200; stop loss at 88000. Going long at the previous low of 83400 is fairly aggressive—if you can watch the charts, you can trade it short-term. Otherwise, scale into longs lower down at 82700–81000; stop loss at 80000. #BTC走势分析
$ETH : If it bounces to around 2650 today, take a small short position; add at 2700–2735; stop loss at 2755. I don’t recommend trading the previous low at 2788. Instead, scale into longs lower down at 2560–2530; stop loss at 2510. #ETH走势分析
$BNB : If it bounces to around 775 today, take a small short position; add at 788–800; stop loss at 805. Take a small long position at the previous low of 758; add at 746–736; stop loss at 730. #BNB走势
SOL: If it bounces to around 119.5 today, take a small short position; add at 122–125; stop loss at 126.5. Going long at the previous low of 116.5 is fairly aggressive—if you can watch the charts, you can trade it short-term. Otherwise, scale into longs lower down at 113–110.5; stop loss at 109. #solana
[Daily wick levels for opening longs and shorts are for reference only. Manage your position sizes carefully. Get 20% off trading fees with invite code: BNB789]
At noon on Monday, I said the previous high still hadn’t been broken, so wait for a pullback before going long. On Monday night, I also said the weekly divergence was severe and a pullback was due. That’s why I was willing to suggest taking small short positions up there. This drop hasn’t been all that big; only ETH, that piece of trash, has broken below the bottom of its daily consolidation range. The importance of using a fixed stop loss—which I’ve been emphasizing for the past two days—is clear now.
Today, we’ll see whether the bounce has any strength. If it doesn’t, the decline will continue. A deeper pullback would only come if the morning wick breaks below the previous low. If the previous low holds, the price should consolidate at the bottom and then make a small bounce. You were willing to chase longs when prices were rising, so now that we’ve already dropped this much, surely you’re not afraid to go long near support if we fall further!
$BTC : If it bounces to around 85000 today, take a small short position; add at 86500–87200; stop loss at 88000. Going long at the previous low of 83400 is fairly aggressive—if you can watch the charts, you can trade it short-term. Otherwise, scale into longs lower down at 82700–81000; stop loss at 80000. #BTC走势分析
$ETH : If it bounces to around 2650 today, take a small short position; add at 2700–2735; stop loss at 2755. I don’t recommend trading the previous low at 2788. Instead, scale into longs lower down at 2560–2530; stop loss at 2510. #ETH走势分析
$BNB : If it bounces to around 775 today, take a small short position; add at 788–800; stop loss at 805. Take a small long position at the previous low of 758; add at 746–736; stop loss at 730. #BNB走势
SOL: If it bounces to around 119.5 today, take a small short position; add at 122–125; stop loss at 126.5. Going long at the previous low of 116.5 is fairly aggressive—if you can watch the charts, you can trade it short-term. Otherwise, scale into longs lower down at 113–110.5; stop loss at 109. #solana
[Daily wick levels for opening longs and shorts are for reference only. Manage your position sizes carefully. Get 20% off trading fees with invite code: BNB789]
