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$XEC Bullish Restest Of 4Hr 200MA In Progress ✅️
4hr Chart Analysis 🔎
Patience everything is fine.
Price just needs to get back above the 1hr 200MA and stay above the 4hr 200MA.
Price action just perfectly retested my previous target for support at $0.0000078042.
$XEC Looking bullish. ✅️
NFA, DYOR ⚠️
#Crypto #Trading #XEC
Everywhere the eye reaches is Huaxia; every shining five-star flag is faith 🇨🇳 Happy birthday to the motherland! The holiday market never closes
BTC did not make a one-sided move because of the holiday, but instead entered a range-bound digestion phase after the data was released. Last night’s ADP data was bearish and PCE was bullish. Jingyi positioned for a high-level short and captured 2,000 points of profit on BTC. It is currently undergoing high-level range-bound shakeout; since it has neither effectively broken below 825 nor firmly reclaimed 856, continue treating it as a ranging market
The daily MACD histogram has turned from red to green, with bearish momentum being released, but the medium-term upward structure has not been completely broken, constituting a pullback and buildup after a major rise. On the 4-hour chart, BTC is oscillating back and forth in the 825–856 range. After a low-level MACD golden cross, the histogram is gradually contracting and the rebound strength is weakening
Trading plan
Short BTC if it rebounds to 839–846 and encounters resistance; target 830–825, and if that level breaks, 818–806. Pay attention to position sizing!