Monday Evening Big Coin and Second Coin Strategy

Big Coin recently surged to the key resistance level of 94588 before starting a retracement. The short-term bullish momentum is rapidly diminishing, as it not only broke below the middle support of the Bollinger Bands but also dipped to a stage low of 87500 in the early morning.

From the indicators, it is currently running between the middle and lower bands, with the upper band creating significant resistance. The lower band temporarily provides support but with limited strength. The Bollinger Bands show a downward turning shape; if the rebound fails to stabilize at the middle band, it is likely to continue the downward trend.

Trading Suggestions

Big Coin is trading in the range of 90500-91000, with a target of 88000 and a lower target of 86500.

Second Coin is trading in the range of 3180-3220, with a target of 3100 and a lower target of 3050.