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Hashtag #MyCryptoFunnyMoment is requi - 🎉 Gate Square — Share Your Funniest Crypto Moments & Win a $100 Joy Fund!
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November 23rd Sunday evening trading strategy
The deep drop has rebounded, and now it is fluctuating with a slight upward bias but not completely crazy.
Bouncing from around 80600 to now over 86500, this rebound is considered strong, but it hasn't yet broken free from the previous downtrend (after all, it is still far from the previous high of 96000).
Key points for getting in:
Wait for it to break through 87500 (the recent resistance level) and stabilize before following.
Wait for a pullback to 85500-85800 (moving average/Bollinger middle band support) to buy the dip.
Where to look: first look at 88800, if it can break through, then touch around 89800.
Don't forget to stop loss: if it breaks 84000, withdraw quickly, don't hold on.
Friends who want to short, please note:
Don't rush to short now!
Although the KDJ is nearly overbought (short-term rises are prone to correction), the MACD has just crossed golden and funds are still flowing in—at this time, waiting is equivalent to going against the trend.
If you really want to short, wait for this rebound to hit 89800 (Bollinger upper band) or when it stops rising, then consider it. Also, you can only take small positions for short-term corrections.
Currently leaning towards going long, but don't chase the highs; wait for clear reversal signals to short.
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