In the four-hour structure, the price of the token has shown a staircase-like upward movement, returning to the second dip box. At the same time, the bottom has given a clear bottoming signal. From the perspective of the candlestick chart, the current body is closing with an upper shadow, indicating a high probability of demand for upward movement in the short term. However, the scope of the space has already reached its limit. The 64300 area above is experiencing strong resistance, and only by breaking through and stabilizing can the price continue to rise. Otherwise, it will continue to oscillate within the box, and the trading volume has gradually strengthened. For the late-night trading strategy, it is recommended to go long first and then short. 5.13 Evening Thoughts and Operation Suggestions: Long in the range of 62500-62000, the target is to see the range of 64300. If the breakthrough stabilizes, it will be extended; otherwise, short position will see a pullback of 1000 points. Defend at 800 points.
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Evening thoughts
In the four-hour structure, the price of the token has shown a staircase-like upward movement, returning to the second dip box. At the same time, the bottom has given a clear bottoming signal. From the perspective of the candlestick chart, the current body is closing with an upper shadow, indicating a high probability of demand for upward movement in the short term. However, the scope of the space has already reached its limit. The 64300 area above is experiencing strong resistance, and only by breaking through and stabilizing can the price continue to rise. Otherwise, it will continue to oscillate within the box, and the trading volume has gradually strengthened. For the late-night trading strategy, it is recommended to go long first and then short.
5.13 Evening Thoughts and Operation Suggestions:
Long in the range of 62500-62000, the target is to see the range of 64300. If the breakthrough stabilizes, it will be extended; otherwise, short position will see a pullback of 1000 points. Defend at 800 points.