March 4, 2626 Evening Trading Strategy



The previous 4-hour downtrend channel is essentially a weak consolidation after five consecutive weekly bearish candles. Today, the price broke through the upper boundary of the channel for the first time, accompanied by increased volume, directly breaking the old rhythm of "buying the dip to short." Coupled with a bullish alignment of moving averages and a MACD golden cross expanding, the technical outlook has shifted from "bearish" to "bullish dominance."

Wait for a pullback to go long:
Aggressive: Stabilize around 70,000 during the pullback, try a small long position, with a stop loss at 69,500, and target the first resistance at 71,800-72,000.

Conservative: During a pullback to the 68,500-67,600 range, and without falling below 67,600, add to long positions with a stop loss at 66,200, and target 73,000-73,500.

Beware of false breakout signals: If the price pulls back and directly falls below 67,600 with increased volume, that’s a false breakout! #加密市场上涨 #加密市场上涨 $BTC
BTC1,44%
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
Add a comment
Add a comment
No comments
  • Pin