June 22, 2026


No need to stay up tonight, there is a subtle "triangle convergence" on the 1-hour chart, still following the previous logic, breaking downward and then being suppressed by a rebound of one 1-hour candle, you can go short, with the stop loss at the high point of the previous three candles. Going long is the opposite, if the closing price is above the upper band and one 1-hour candle hasn't broken down, you can go long, with the stop loss at the lowest point of the most recent three candles.
According to this convergence triangle, the short-term direction will be determined before 7:00 AM tomorrow, so no need to stay up tonight, just set an alarm for 8:00 AM to check, which is just right. Keep an eye on the trend from 8:00 to 9:30. If there is no prolonged decline tonight, the probability of a direct pin bar on the daily chart is also low, but the short-term trend is clear, at least knowing whether it's a pullback long or a rebound short.
Right now, it's stuck in the "mid-mountain" area, neither up nor down, with a shadow rise and fall, making it hard to find a good position.
It's best not to cross this triangle horizontally; crossing horizontally means still consolidating between 637-644 and choosing a direction. In a low-liquidity market, it may not necessarily liquidate the side with the most open interest, but it will definitely liquidate the side with the "least resistance."
View Original
post-image
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