From the chart and EMA parameters (12, 50, 100), it is clear that the current market is in a pronounced downtrend, with short-term, medium-term, and long-term moving averages all arranged in a bearish configuration, and the price has broken below a key support level.



Trading Strategy

- Side: Short on rallies
- Entry point: Enter when the price rebounds to around 3328.46 (this level is a recent rebound resistance and a good opportunity for shorting)
- Stop-Loss point: Set above 3396.50 (to prevent unexpected price rebound and break above resistance, controlling risk)
- Target point: First target at 3056.88 (previous low; if broken, hold for further lower levels)

Strategy Logic

The current trend is clearly bearish, and EMA indicators also show little sign of short-term reversal. Shorting on rallies aligns with trend trading principles. By defining clear entry, stop-loss, and target points, you can maximize returns while managing risk, helping you succeed in the Testnet competition.
View Original
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
Add a comment
Add a comment
No comments
  • Pin