The market is trading time for space, building a decline relay platform. For traders, the most rational choice is to establish short positions along the upper boundary of the consolidation zone (2.61-2.63), or patiently wait for the price to break below 2.58 before following. Until the direction becomes clear, reduce trading frequency.
In a nutshell: Weak rebound, sideways with a bearish bias. Sow short positions in the 2.61-2.63 range, and wait quietly for the market to break downward.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#BEAT
The market is trading time for space, building a decline relay platform. For traders, the most rational choice is to establish short positions along the upper boundary of the consolidation zone (2.61-2.63), or patiently wait for the price to break below 2.58 before following. Until the direction becomes clear, reduce trading frequency.
In a nutshell: Weak rebound, sideways with a bearish bias. Sow short positions in the 2.61-2.63 range, and wait quietly for the market to break downward.