On the daily timeframe, Big Cake shows a bullish K candle around 75,100. At present, the resistance level at 75,000 remains effective. After several days of testing, the support level is around 74,000-73,500. Ethereum shows a bearish K candle around 2,346. Currently, the resistance at 2,360-2,400 remains effective, and the support at 2,300-2,280 is unchanged;

On the 4-hour timeframe, Big Cake clearly forms a range with resistance above and support below again. The upper boundary is 75,500, and the lower boundary is 73,500. Until the price moves out of the breakout, you can simply sell high and buy low within the range; Ethereum also forms a range-trading pattern, with resistance at 2,370-2,390 and support at 2,300-2,280. Similarly, until it breaks out of the range, you can still maintain the sell high and buy low approach!

Trading idea: The high-altitude short-and-long strategy arranged yesterday had both the short positions on Big Cake and Ethereum take profit. For the long positions, only Big Cake was entered and it achieved a smooth take-profit. Unfortunately, Ethereum did not retrace to the expected position, so an entry wasn’t made, but the sell high and buy low strategy is still applicable. The short positions have also been re-entered again and are currently in profit!

Short Big Cake at 75,000-75,500, target 74,000-73,000, stop loss above 76,000;

Short Ethereum at 2,360-2,380, target 2,300-2,260, stop loss above 2,400;

Long Big Cake at 73,000-73,500, target 74,500-75,500, stop loss below 72,500;

Long Ethereum at 2,260-2,280, target 2,320-2,370, stop loss below 2,220;

This strategy is time-sensitive. Please refer to private real-time guidance! #GatePreIPOs首发SpaceX #Gate13周年现场直击 #山寨币强势反弹