Early Morning Two-Bing Silk Road



The 4-hour timeframe is overall in a weak rebound phase after a decline, with the short-term moving average EMA7 crossing below EMA25, indicating a weak rebound strength. Prices surged higher but faced resistance and pulled back, showing a sideways and weak trend.

Support: 2250‑2270 (moving average and previous low support zone)
Resistance: 2290‑2300, 2330
Trading ideas:
1. Prioritize short-term short positions on rebounds; enter on rebounds to the 2290‑2300 resistance zone when facing resistance, with a stop above 2330, targeting 2250‑2230.
2. If a pullback stabilizes around 2250, try a small long position with a stop below 2220, only for short-term rebounds; before breaking above 2300, do not expect a sustained bullish trend.
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
  • Pinned