$SUGAR 🍬 #大宗商品 #TradeFi Technical Analysis:


On higher timeframes, sugar has gradually entered the buy zone. Be patient and wait for the opportunity to arrive.

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First, we are here to make money.
Second, we want to execute high-probability trades, so our success rate is higher.
Furthermore, we need to distinguish which markets are in a bear market (cryptocurrencies and SPX) and which are in a bull market (wheat, corn, sugar, energy, gold, silver), or even in the early stages of a bull market.
Finally, we identify priorities, wait for the right moment, and then enter.
SUGAR-1.96%
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$SUGAR (Sugar) #大宗商品 #Tradefi Technical Analysis:
On a higher time frame, the structure has successfully broken through, indicating a change in structure.
Currently, at the 15-16 price level (support and resistance switching positions), there is resistance.
If the price can retrace to around the 14.5 level, it is a long-term buying opportunity.
If, on a higher time frame, the price closes below 14, the breakout of the structure will be considered failed.
Figure 2: On an even higher time frame, a prediction is made based on Fibonacci and the 3-drive pattern.
PS: Making money in a bull market is easier. Don’t just focus on cryptocurrencies because we aim to profit; it doesn’t matter which market we are in.
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GateUser-24efbac0vip
· 3h ago
Hop in! 🚗
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