Mistress 6.9 Afternoon Analysis Luo Yi's Thinking


Trading activity remains calm, overall maintaining a slightly bearish trend in the afternoon
Review
Yesterday's high was pressured and fell back, rebound volume was insufficient, daily chart closed with a bearish candle.
After probing the bottom at 1640 in the morning and a slight rebound, the overall state is low-level consolidation, rebound is weak, and the weak structure remains unchanged.
Trend Analysis
On the daily level, moving averages are in a bearish alignment, with prices trading below short-term moving averages, rebounds are just weak corrections, with no strong reversal signals.
Four-hour trend shows narrowing fluctuations, with strong resistance around 1700, support at 1640 and 1600, bullish momentum is insufficient, and the afternoon trend is weak, with a higher risk of decline.
Operational Suggestions
- Positioning Range: Enter on rebounds between 1720-1700
- Stop-loss level: Above 1740
- Target levels: 1650 → 1640 → 1600
$BTC $GT $SOL
BTC0.15%
GT1.51%
SOL0.11%
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