#币安人生 Although it appears bearish in the short term, based on the weekly closing performance, the probability of continuing to reach new highs in the future is still quite high, so it is important to focus on the time frame from Wednesday to Friday. Currently, the short-term outlook is bearish (mainly a pullback), while the overall trend continues to look bullish. It is really possible to go above 1 US dollar.
Carefully consider, it is best to come back on Wednesday to think about going long on Binance Life. For now, I will withdraw the long position on Life and focus on shorting Dusk to take profit at 0.12.
$币安人生 should reach a new high. Here are two reasons: 1. At eight in the morning, the weekly line closed with a big bullish candlestick nailed down. 2. The technical aspect shows a very obvious false breakdown (red line), clearly supporting the market.
Long Binance life Stop loss 0.416 Take profit 0.8-0.9 (even above 1 dollar) Enter around 0.47, now directly enter
The market is about to close, and dusk still thinks it can push up. Let's take another look at night; it's highly likely that we need to consider going short.
Where does the money for the dealer's continued push come from? Of course, it comes from the fuel of the opposing side. The dealer's money is not unlimited, so they need to generate funds. The funding rate is a window for observation; for example, if it suddenly jumps to a rate of 1.5%-2%, you know that the dealer is about to cut the long positions below. After cutting, they will continue to soar.
#RAVE continues to be bullish on RAVE, the amplitude is large, which does not represent a trend reversal, these are two different matters, it is currently around 12.8, and 25-30 is its target. Of course, I also have a stop-loss point, if it hits 10.5, I will take the loss, the funding fee has already helped me bear 1/3 of the loss.