The short position is heavy and the 9400 is broken, the 9100 is shaky, the rebound is hopeless, and the mainstream currencies are fully bearish

诺海_NhCynora

特邀专栏作者

2020-02-26 14:16 (UTC+8)

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The short position is heavy and the 9400 is broken, the 9100 is shaky, the rebound is hopeless, and the mainstream currencies are fully bearish

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Overall market:

Overall market:Falling below this position will announce the end of this round of rising market, and the price will return to the starting point of 6680!

Today's market as a whole is a precursor to a unilateral short market. Yesterday's article clearly told everyone to be vigilant against the accelerated decline brought about by the short position below 9400, and the spot position should leave the market. I hope you will listen to it.

Falling below this position will announce the end of this round of rising market, and the price will return to the starting point of 6680!

In terms of the market, yesterday’s daily line hit a new low after heavy volume engulfed. According to the Dow Theory, it can be confirmed that the trend reversal pattern has appeared. The price increment fell below 9400 and closed at a low level, continuing yesterday’s downward momentum. It is expected that the price will continue to fall today To test the support of 9100, the general direction rebounds short, but 9100 is expected to have some rebound strength

A large number of buying orders and stop loss orders have accumulated around 9100. This part of the stop loss orders comes from the stop loss orders of the spot and contract in the area around 9400. In addition, the quantitative EA in the market stops the loss and backhands the short. If 9100 is heavy and falls below, Then the buy/stop loss order at this position will be closed immediately to accelerate the price drop. This is the most important thing to pay attention to today!

If it breaks 9100, can you chase the short?

It depends on your trading style. I think if you are an aggressive trader, you can place a breakthrough order below 9100. Once you break through, you can quickly enter the market. At this time, you can use the Stoch Rsi indicator to observe the oversold situation. Once the price There is a rebound, immediately close the position and take a profit

If 9100 rebounds, can we do more?

What to do with the spot

First of all, I hope you read yesterday’s tweet and leave the market. If not, I strongly recommend that you use 9100 (Binance spot price) as the final exit line. It is earned little by little, not a fat man after one bite.Falling below this position will announce the end of this round of rising market, and the price will return to the starting point of 6680!

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