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You need to make sure you can get support at point 7760.
Point 7760 was the first point of resistance, which was where trading was needed to earn money.
The market today formed above the 7840 point, which started a sharp decline.
There seems to be a possibility to touch 200EMA, 300EMA branch, 8000 branch directly above point 7840.
This is because the market seems to have a willingness to rise as the market starts at 7845.
The 7665 point or 500EMA is the point that must be absolutely supported in order to make further gains.
You should also check if you can touch the gap section formed in the section 8265 ~ 8645.
If you fall below the 500EMA or 7665 points, I think the first potential rebound is between 6380 and 6860.
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I think that all situations are putting pressure on the coin market, so the expectation of the rise has decreased a lot.
At the moment, I think it is more important to trade according to the flow of the chart than the words of any article or analyst.
I don't think the target point is important.
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See support, resistance, and abbreviation points.
It's time to focus on selling rather than buying to preserve profits.
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Description of abbreviations shown in chart
R: Resistance point or section, where a counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
GAP-1: Price position when closed
GAP-2: Opening price position
Dear Traders, Nice to meet you.
"Like" is a great power for me.
We will try to reciprocate with better information.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
You need to make sure you can get support at point 7760.
Point 7760 was the first point of resistance, which was where trading was needed to earn money.
The market today formed above the 7840 point, which started a sharp decline.
There seems to be a possibility to touch 200EMA, 300EMA branch, 8000 branch directly above point 7840.
This is because the market seems to have a willingness to rise as the market starts at 7845.
The 7665 point or 500EMA is the point that must be absolutely supported in order to make further gains.
You should also check if you can touch the gap section formed in the section 8265 ~ 8645.
If you fall below the 500EMA or 7665 points, I think the first potential rebound is between 6380 and 6860.
----------------------------------------------
I think that all situations are putting pressure on the coin market, so the expectation of the rise has decreased a lot.
At the moment, I think it is more important to trade according to the flow of the chart than the words of any article or analyst.
I don't think the target point is important.
----------------------------------------
See support, resistance, and abbreviation points.
It's time to focus on selling rather than buying to preserve profits.
-----------------------------------------------
Description of abbreviations shown in chart
R: Resistance point or section, where a counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
GAP-1: Price position when closed
GAP-2: Opening price position
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
