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.
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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.