12.18 Morning Review: Trading Strategy - Going Short at Highs
Currently trading below all major moving averages, the bearish trend is intact with strong downward momentum. The hourly MACD remains below the zero line and continues to weaken, RSI approaches oversold territory but shows no signs of reversal, indicating a lack of rebound strength. Selling pressure dominates the market rhythm.
Bitcoin Suggestion: Short in the 86400-87200 range, with lower targets of 85200-84000 support levels.
Altcoin Suggestion: Short in the 2840-2860 range, with lower targets of 2795-2750 range.
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12.18 Morning Review: Trading Strategy - Going Short at Highs
Currently trading below all major moving averages, the bearish trend is intact with strong downward momentum. The hourly MACD remains below the zero line and continues to weaken, RSI approaches oversold territory but shows no signs of reversal, indicating a lack of rebound strength. Selling pressure dominates the market rhythm.
Bitcoin Suggestion: Short in the 86400-87200 range, with lower targets of 85200-84000 support levels.
Altcoin Suggestion: Short in the 2840-2860 range, with lower targets of 2795-2750 range.