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Tuesday Morning Aunt Tai Jing Yi's Thought Process
Aunt Tai is tough, with a +4.04% increase yesterday, the rise far surpasses Bitcoin, highlighting the strong momentum of the altcoin leader, with a very strong four-hour bullish trend. After a sharp 4% surge in one day, the bullish momentum is overextended, leading to a pullback at high levels. The MACD bullish indicator is turning, indicating a short-term correction is needed; buying on dips offers a higher cost-performance ratio. High-level pullbacks for short-term trading are only suitable for short-term gains.
Short-term first resistance: 1848, 1880
Short-term weak support: 1700, 1760, 1690, (current K-line body’s lower edge, the short-term strength and weakness boundary)
Trading Suggestions
Buy on dips at the 1760-1710 support zone for a stable position, aiming for 1840;
Shorting in the 1830-1849 resistance zone where the rebound stalls, with a short-term target of 1760. #我的Gate交易时刻