From the hourly candlestick chart analysis, the market shows a clear pump phenomenon followed by a rapid decline, the volume of this rise has started to weaken, indicating that the emotions of short-term long positions have been released to the maximum level. In this situation, continuing to chase the price is likely to become a catch a falling knife at high levels!
Based on technical analysis, the price is likely to drop to the range of 25 tonight. Opportunities in the market come and go quickly, the key question is: when the market rises, do you catch the opportunity?
Real trading skills are not just about identifying entry points, but more importantly, understanding when to exit to secure profits. Many traders monitor the ups and downs of the market every day, yet still fail to make a profit. The main reason is that they do not master the rhythm of the market. Mastering the timing of entry and exit is the actual core skill in trading.
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From the hourly candlestick chart analysis, the market shows a clear pump phenomenon followed by a rapid decline, the volume of this rise has started to weaken, indicating that the emotions of short-term long positions have been released to the maximum level. In this situation, continuing to chase the price is likely to become a catch a falling knife at high levels!
Based on technical analysis, the price is likely to drop to the range of 25 tonight. Opportunities in the market come and go quickly, the key question is: when the market rises, do you catch the opportunity?
Real trading skills are not just about identifying entry points, but more importantly, understanding when to exit to secure profits. Many traders monitor the ups and downs of the market every day, yet still fail to make a profit. The main reason is that they do not master the rhythm of the market. Mastering the timing of entry and exit is the actual core skill in trading.