On the 21st at 22:00, the US stock market was closed. Here are strategies for popular altcoins:



Long strategy: If the price retraces to the 1.8-1.9 range, touching the middle band of the Bollinger Bands or the previous support level, and volume does not decrease, consider going long. Target the previous high of 2.2-2.3, with a stop loss set below 1.7 at the upper Bollinger Band.

Short strategy: If the price encounters resistance around 2.14 at the 24-hour high, and volume diminishes with MACD showing bearish divergence, consider a small short position. Target 1.9-2.0, with a stop loss above the previous high of 2.2.

Summary:
This chart shows ENSOUSDT in a short-term strong upward trend. Technical indicators like Bollinger Bands, SAR, and MACD all support a bullish outlook, and increasing volume confirms the trend's validity. However, cryptocurrency trading carries high risk, so strict stop-losses are essential to avoid blindly chasing gains.
ENSO-0,01%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)