1. Current Recommended Direction: A bullish strategy is recommended, focusing on whether the price can break through the 86-87 resistance level. A successful break above 87 is expected to extend momentum to the 90-92 range, suitable for aggressive buying. However, a break below 80 warrants caution regarding a potential pullback, possibly retesting the 75-72 support level; short-term vigilance is advised. Without clear signals of "overextended gains" or "waiting for a pullback," this is a phase of tentative entry and observation. 2. Position and Risk Management Recommendations: Light positions or trial trades are recommended, focusing on the key price levels of 80 and 87. A break above 87 could allow for gradual position increases, with a profit target of 90-92. If the price falls below 80, a stop-loss or reduction in position should be implemented to prevent a pullback to the 75-72 support zone. Trading should be based on the 4-hour chart, with dynamic position adjustments in the short term. 3. Suitability for Trading Styles This strategy is more suitable for conservative medium-term traders. It combines 4-hour chart patterns to capture trend continuation opportunities arising from range breakouts. Aggressive short-term traders can use breakouts for quick entries and exits, while conservative investors can gradually add to their positions based on highs and lows, avoiding prolonged positions at the 86-87 resistance level. Without clear catalysts, it is necessary to pay attention to key price levels and prioritize dynamic risk management.
XAG: Summary of Binance Killers Community Discussion (16:00:10 ~ 17:00:10)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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