The coin price slowly dipped to around 113,300, then experienced a quick pump around midday, bringing the coin price back to the morning's opening and closing positions. Currently, the coin price is entering a consolidation around 114,200. The bearish outlook from the morning has also been realized as expected. The strategy is updated and shared with everyone in a timely manner every day. Our short order set up in the morning at 114,188 was closed at 113,505, securing a small gain of 683. The strategy remains accurate, and the afternoon can still follow the rebound high short strategy.


Looking at the four-hour chart, the coin price has formed a bullish engulfing pattern and has once again crossed above the middle line, currently running above it. The pull range of the coin price is gradually narrowing, and the Bollinger Bands' opening is slowly shrinking. The MACD energy bars indicate that we are currently in a state of tug-of-war between bulls and bears, with the bulls not having a significant advantage. The fast and slow lines are nearly parallel, which also means that the current pulling market will continue further. From the short-term hourly perspective, after a strong bullish candle has aggressively crossed above the middle line, there has not been a significant pullback, but rather a continued consolidation around the recent highs. The bulls are currently in a dominant position in the short term, so we expect this rebound to continue for a while, then observe the coin price hitting the upper resistance and falling back under pressure. The strategy remains focused on shorting at rebound highs.
Short order on the big coin near 114600, focus on around 113500. Short order on the second coin near 3660, focus on around 3560.
#BTC# #ETH# #GateioInto11#
ETH0.82%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)