2026-01-12 09:22:45

Recently, the market has been feeling a bit uncomfortable. Over the past 24 hours, the price has been fluctuating between 3088 and 3164, with only about a 2% increase. Trading volume is average, and there’s no clear sign of a strong bullish trend.

From a technical perspective, support levels are at 3100 and 3050, with resistance around 3160-3170 and higher at 3200. On the 4-hour chart, a golden cross signal has appeared, although the strength isn’t very strong, it’s definitely a bullish sign. The daily chart is even more interesting, showing signs of turning bullish, but overall, it’s still within a consolidation range without a clear breakout.

The trading strategy is simple—don’t overcomplicate it. For short-term trading, buy low and sell high to profit from oscillations. If you’re more confident in the medium term, you can consider adding long positions on dips that stabilize. Remember one thing: every trade must have a stop-loss; that’s the baseline.

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MissedTheBoat

· 6h ago

Another market that can't go up or down easily, so annoying. Just treat short-term trading as a money tree, but remember to set strict stop-losses.

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DogeBachelor

· 6h ago

Still bouncing back and forth around 3100, so annoying. When will it break through? Looks like there's no point, just oscillate to earn some spread. The golden cross is just a golden cross, not aggressive enough. Let's wait and see. Stop-loss must be implemented, no discussion. This is the principle. Consider heavy positions only after breaking 3200. It's still early.

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CommunityJanitor

· 6h ago

Volatility and churning, this wave is a bit frustrating. Just keep bouncing back and forth for a couple of days. --- The bullish crossover signal isn't strong enough; it's better to wait and see. Fear of missing out or getting trapped. --- Listening to "buy low, sell high" sounds simple, but in practice, anyone can get caught off guard. Caution is still necessary. --- Talking about stop-loss sounds nice, but when it comes to critical moments, it's hard to cut losses. That's my old problem. --- As long as the lines at 3100 and 3050 hold, there's still hope. Breaking below them would be a problem. --- Spending the whole day wandering in the 3088 to 3164 range. Instead of guessing the top or bottom, it's better to relax and wait for a breakout. --- The bullish signals are promising but not confirmed yet. I want to go long, just see if it can break above 3170. --- This kind of market is the most torturous. Trading volume is so weak. When will we see a clear direction? --- For mid-term positioning, find a truly stable point. Don't jump in just because of a rebound.

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DYORMaster

· 6h ago

Once again, it's this kind of sideways market, so annoying... A 2% increase really isn't meaningful. ------ Breaking the 3100 level seems to require multiple attempts; let's see if it can hold steady first. ------ The golden cross is a bit weak, but it is indeed a signal. I'm still planning to place some orders around 3050. ------ Listening to "buy low, sell high" sounds simple, but in practice, it's easy to get trapped... Setting proper stop-losses is the key. ------ A daily chart turning bullish just means it hasn't truly reversed yet. Let's keep watching and see if it breaks 3170 or not. ------ This kind of choppy market is the most annoying; I'd prefer a straightforward trend. ------ 3200 is the target, no doubt, but I just don't know when I'll be able to reach it...

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RugPullSurvivor