Market Analysis Tonight: Range Fluctuation, Cautious Operations


The current market is fluctuating around 2500, overall in the middle range, and special caution is needed in operations.
Specifically, the 2580-2620 range above is currently the strongest resistance zone, with a dense concentration of short orders. Once the price reaches this area, it is likely to be suppressed by the bearish forces.
Therefore, it is not advisable to chase the price up at this position; it is better to wait for the price to fall back before considering.
The 2450-2480 range below is a key support area, where many buyers have placed orders. Once the price returns to this position, there may be funds to support the price, leading to a rebound.
Operation Suggestions:
Don't chase the highs on long positions: There is significant resistance around 2580. It is not advisable to chase the price up in the short term; it's better to wait for a price pullback before entering.
Buy on dips, set a stop loss: If the price retraces to 2450-2480, consider buying with a light position, but strictly set a stop loss around 2435.
In a volatile market, focus on light positions: Currently, the trading volume is low, and the market trend is somewhat oscillating. Avoid heavy positions and maintain a light position layout.
High-risk short-term trading strategy: If the price quickly rises to 2580, consider a small position to short, targeting a pullback near 2520.
Tonight's market is mainly characterized by range fluctuations, focusing on oscillating between 2450 and 2600. It is best not to chase highs or sell lows; instead, maintain the upper and lower ranges and take advantage of the fluctuations to make a profit.
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CoinRelyOnUniversalvip
· 05-20 14:00
Firm HODL💎
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Ryakpandavip
· 05-20 13:31
Just go for it💪
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