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5.8 Morning Jiangyu Heng Big-Bowl Trading Ideas
Today, the Big-Bowl surged to a high of 80,366 and then met resistance and pulled back. It is currently trading in a tight range near the 80,000 level.
Key support is 79,400-79,500, and key resistance is 80,000-80,300.
Trading Suggestions
1. If it can’t break through 80,000-80,300 on the rebound, try a small-position short; if it pulls back to 79,500, and if it breaks down, look for 78,000;
2. If it retraces to 79,400-79,500 and stabilizes without falling, directly buy the dip; set a stop loss below 79,000;
3. The market is volatile—don’t take heavy positions or go all-in; strictly set your stop loss and follow the trend. #Gate广场五月交易分享 $BTC