12.1 Monday Big Cake Trading Ideas

The road to success is not crowded because there are not many who can persevere to the end. When you want to give up, please tell yourself to hold on a little longer, as often this little bit of persistence brings you closer to your dreams.

From the four-hour level structure, the big cake price has recently shown a significant weak fluctuation pattern. On the technical side, the price first experienced a small pullback, and then gradually broke away from the middle track of the Bollinger Bands, with the overall operating range subsequently moving downwards. Currently, the Bollinger Bands show a significant contraction trend, and the direction of opening is likely to continue downwards, indicating that the subsequent volatility may further shrink, but the choice of direction is approaching a critical point.

In terms of price operation characteristics, it presents an overall box structure, but the comparison of long and short forces within the narrow fluctuation range is gradually unbalanced. Each rebound to the upper edge of the box shows varying degrees of weakening, manifested by shorter rebound durations and shrinking trading volumes, indicating a continuous decline in the bullish buying intention. Meanwhile, the downward space is not significantly restricted, as the price continuously tests the support at the lower edge of the box and gradually approaches a new low area, indicating that the bearish forces are gradually taking the lead.

Trading Suggestions

Operate by selling high and buying low within the range of 85800-88300 for the big cake. Currently, one can go long between 85800-86200 to look for a space of 1000-1500 points, with a stop-loss set at 85300 for small defense, then short around 87800! The short position should be based on the continuation seen at the U.S. stock market opening, looking down at 85500 and 83500. #BTC #ETH