The sudden surge in volume during the early trading session was indeed a bit unexpected. Fortunately, I was already chasing a position near the middle band of the Bollinger Bands. According to the usual pattern, after such a rapid rise, there is often a retracement to about one-third or two-thirds of the move. I decisively added to my position when the retracement touched the support level at 2954. Now, the account is already in profit. The feeling of having an accurate prediction is quite good.
Reflecting on last year's Christmas market, the most aggressive rally was on January 2nd. With only a day or two left before the weekend market closure and the New Year holiday approaching, we still need to observe if there will be any market surprises. But as the saying goes—"The horizontal is long, the vertical is high." Based on the weekly chart analysis, the potential for further gains shouldn't be too bad. Hopefully, the market after the holiday will follow the weekly forecast as expected.
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gas_guzzler
· 3h ago
The early morning surge really caught me off guard, but luckily I bought all the way down. The 2954 level was truly amazing.
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StablecoinSkeptic
· 3h ago
The early session did have some momentum, but to be honest, I didn't buy the dip. Just looking at it makes me a bit nervous.
The 2954 level is really holding firm; we'll see if any surprises come before the weekend.
After the holiday, the market's outlook can be described as "horizontal in length and vertical in height," or in less flattering terms, gambling. I'm still waiting and watching.
Can this rally really match the one in January 2nd last year? It's a bit uncertain.
The feeling of making money is indeed satisfying, but don't be fooled by short-term predictions. I've seen too many analyses that got proven wrong.
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fren_with_benefits
· 3h ago
Hitting the middle band of the Bollinger Bands is profit, I really didn't misjudge the support level at 2954
The sudden surge in volume during the early trading session was indeed a bit unexpected. Fortunately, I was already chasing a position near the middle band of the Bollinger Bands. According to the usual pattern, after such a rapid rise, there is often a retracement to about one-third or two-thirds of the move. I decisively added to my position when the retracement touched the support level at 2954. Now, the account is already in profit. The feeling of having an accurate prediction is quite good.
Reflecting on last year's Christmas market, the most aggressive rally was on January 2nd. With only a day or two left before the weekend market closure and the New Year holiday approaching, we still need to observe if there will be any market surprises. But as the saying goes—"The horizontal is long, the vertical is high." Based on the weekly chart analysis, the potential for further gains shouldn't be too bad. Hopefully, the market after the holiday will follow the weekly forecast as expected.