As shown in the figure,
1. The red area is the resistance band.
2. The green band and the green line are support levels
3. The 30/50/60 MA on the 4-hour chart is forming a golden cross, which is likely to continue higher.
4. The Macd indicator is already above the 0-axis, and it may continue to rise.
In conclusion, there is a lot of people waiting to buy at the support level, and the current entry expectation is smaller than the stop loss, I think swing trading is appropriate now.
Thoughts from a trader with 10 years of trading experience. If you feel the same way, please give me a like. If you have a different opinion, please leave a message and let me know.
Your following, comments and likes will be the motivation for me to continue my analysis.
1. The red area is the resistance band.
2. The green band and the green line are support levels
3. The 30/50/60 MA on the 4-hour chart is forming a golden cross, which is likely to continue higher.
4. The Macd indicator is already above the 0-axis, and it may continue to rise.
In conclusion, there is a lot of people waiting to buy at the support level, and the current entry expectation is smaller than the stop loss, I think swing trading is appropriate now.
Thoughts from a trader with 10 years of trading experience. If you feel the same way, please give me a like. If you have a different opinion, please leave a message and let me know.
Your following, comments and likes will be the motivation for me to continue my analysis.