Figure 1 shows that last night it was already indicated not to short, and the current price is still in an upward channel. Having just woken up today, it has already started to rise.
Figure 2 shows that it is still in an upward channel. Do not short. Friends who want to short should wait for an effective resistance to form before considering entry.
Figure 3 shows strong support, indicating that this wave will have a strong surge. Wait for the opportunity.
Trading suggestion: Buy on pullback around 3130 with stop-loss, observe the pullback strength. If the decline is not accompanied by a strong rally, consider shorting. Alternatively, if there is a strong rally followed by sideways consolidation forming resistance, consider shorting.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Laowu 1.5 Morning Analysis
Figure 1 shows that last night it was already indicated not to short, and the current price is still in an upward channel. Having just woken up today, it has already started to rise.
Figure 2 shows that it is still in an upward channel. Do not short. Friends who want to short should wait for an effective resistance to form before considering entry.
Figure 3 shows strong support, indicating that this wave will have a strong surge. Wait for the opportunity.
Trading suggestion: Buy on pullback around 3130 with stop-loss, observe the pullback strength. If the decline is not accompanied by a strong rally, consider shorting. Alternatively, if there is a strong rally followed by sideways consolidation forming resistance, consider shorting.