Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Thursday Daytime Big Cake and Two Cake Strategy



Yesterday, the pancake surged to 105300 before retreating to 100700 in the evening, with the daily line forming a long upper shadow bearish candle, highlighting the selling pressure above, as bearish momentum dominates the short-term trend.
From a technical perspective, the price has fallen below the support of the 5-day and 10-day moving averages, and the moving average system is in a bearish arrangement, with the short-term downward trend unchanged; however, after continuous declines, the RSI indicator has entered the oversold zone, indicating a short-term need for rebound correction, so do not blindly chase.

Resistance during the day focuses on the range of 102700-103300, with strong resistance extending to 105300; support is concentrated in the 100000-100800 area below, and if it breaks down, it opens up further downward space.

Daytime trading strategy: low volatility

The pancake has retraced to the range of 100800-101200, with a target of 103200, looking upwards to 104500.
The second contract fell back to the 3380-3400 range, with a target of 3480, looking up at 3550#BTC #ETH
BTC0.05%
ETH2.52%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)