$USELESS Simple recap:
4-hour timeframe: after a sharp drop, there is a weak rebound at lower levels, and it has moved above the short-term moving average, but the 30-day moving average resistance is still in place. The KDJ has formed a low-level golden cross, volume is average, and the rebound strength is limited.
Liquidation data: below, long liquidations total 2.0259 million; above, short liquidations are only 640,000. Key support is 0.187, where a large number of long positions are accumulated; short-term resistance is around 0.202.
Recently, many KOLs have started calling for bottom-fishing. This is a rebound after a decline, so be cautious of bullish traps.
Plan: consider a long trade only after a retest of 0.187 and stabilization; if the rebound faces pressure at 0.202, you can try shorting. The trend has not reversed yet, so whether long or short, always use stop-losses and do not use heavy position sizes.
4-hour timeframe: after a sharp drop, there is a weak rebound at lower levels, and it has moved above the short-term moving average, but the 30-day moving average resistance is still in place. The KDJ has formed a low-level golden cross, volume is average, and the rebound strength is limited.
Liquidation data: below, long liquidations total 2.0259 million; above, short liquidations are only 640,000. Key support is 0.187, where a large number of long positions are accumulated; short-term resistance is around 0.202.
Recently, many KOLs have started calling for bottom-fishing. This is a rebound after a decline, so be cautious of bullish traps.
Plan: consider a long trade only after a retest of 0.187 and stabilization; if the rebound faces pressure at 0.202, you can try shorting. The trend has not reversed yet, so whether long or short, always use stop-losses and do not use heavy position sizes.