By around 12 o'clock, this week’s trend is likely to show some signs.
The resistance level at 3030, climbed for two days, finally above 3030 on the 4h, if the US stock market opens and retests support, and still above 3030 around 12 o'clock, it would be wise to buy the dip in the short term.
However, even if it's long, there is still heavy resistance above【The old lady going downstairs, every drop needs to retest the previous pressure】, this resistance is still effective at present.
So we short, or find the resistance ahead, for example, if the market is strong, it can reach around 3180, generally, we go to around 3110, and if weak, around 3080. Where it can go is determined by the market【Blue Path】.
It's easier to find support for low longs; if 3030 holds, then you can buy around 3030-2980-2950. However, during the testing of certain supports, there may be actions that break through this support and then recover, so it's better to place orders with the head position hanging between 2980-3000.
Also pay attention here, if 3030 does not hold and breaks down below 2950, then give up the long fantasy and embrace the red route.
In contrast, BNB is a bit weak because the resistance at 870 has not yet effectively held. If it can hold 870 and effectively move up, you can short near 880 [at the white arrow on the blue path, add positions near 895, marked around 2].
If it cannot hold 870, it will retest the red route, you can go long near 848 for the head position, betting on a rebound at the three points of the white arrow. If it breaks 848 and cannot recover, this long should cut losses directly because it will follow the downward route of the three points.
SOL is showing more weakness, the previous high has not yet been broken, but it hasn't dropped either, the trend is very unclear. Overall, in terms of the downward rebound, SOL is also weak, so I personally tend to favor safe shorting.
If the market reaches around 130, you can open a short position slightly, and add to the short at the white short line around 133.5-135.5 [blue route]. If it goes down along the red route, friends who want to go long can buy around 123 [white arrow], but if it breaks the white arrow, cut losses directly!
As usual, place orders with stop-loss, ETH 30 points, BNB around 5-8 points, SOL around 3 points.
The strategy is for reference only and does not constitute investment advice.
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