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BrotherHuOnTrends

7.28 Hu Ge Big Cake early-session plan


Plan: Light long around 627-633, aim for 638-642. The best positions can be below 627. Before the Fed news comes out, any bounce upwards can also be pulled down to take the range.
Technically, on both the 4-hour and 1-hour charts, price has broken below the lower Bollinger Band; multiple support levels have been lost. It seems the market generally believes there are rate-hike expectations. $BTC ‌
BTC0.88%
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L2Wanderer
· 20h ago
With rate-hike expectations, longs indeed find it hard—but technically, an oversold bounce could happen. The key is to set your stop-loss. Hu Ge’s approach is relatively steady: if 627 does not break, you can try going long; if it breaks, flip to short.
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GeoPoliWatcher
· 20h ago
It feels like it’s hard to trade both longs and shorts from this position—shorting on rebounds seems more prudent. But the big brother’s approach is worth referencing; I’ll try it with a light position.
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CoinbaseRefugee
· 21h ago
The lower Bollinger Band has already broken, and there’s more? But a short-term rebound is also within reason. I plan to wait for the rebound to around 638 and then short for a bit.
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MEVBotHacker
· 23h ago
I followed (along)—I hope they don’t slip in any extra moves.
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