It is customary to trade at the edges of the consolidation range rather than within it.


Breaking above 2400 requires positive catalysts; the most likely scenarios are either Trump falsifying data or an early end to the Middle Eastern oil war involving Iran.
Reaching 1500 is the level associated with a bear market; macroeconomic bearish signals have been persistent. The bottom is the result, but there will inevitably be phased rebounds to cultivate liquidity during the process.
Short-term fluctuations between 2100 and 1900 suggest short-term trading strategies: short above 2100, long below 1900.
Positions should be small, limited to initial positions only.
This is the dividing line↓
2400
------
2100
1900
------
1500
View Original
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
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)