A point I've been emphasizing recently is not to rush into predicting prices—you need to confirm the trend first, which is around the 21 level. Below is the earliest and also the first chart post I referenced, where the prices 94 and 90–88 are clearly marked. Sometimes when that hardcore fan Q asks me how I see it since everyone else is looking at 13–15, I always tell you to focus on the present and confirm the trend before making further decisions. If the direction is still unclear and you give an expectation, isn’t that just fooling around?
Last night, the price reached the extreme position at 88 and then stopped falling, which barely scored a point. Today, when we talked about this support, I said it could only be used once, because I initially defined this area as support not based on the candlestick but on the order book. At that time, there were many thick orders in this range, so there was volume whenever there was buying. But now those orders are gone and have already been filled, which is why I say this support can only be used once, or unless new orders accumulate, otherwise you have to look for a different area with dense orders!
As for the 21-day moving average, you can always use it. Like I said before, if it can’t break up, then it’s just a regular rebound; if it does, then it’s a reversal. Some of you might be curious about why my methods seem so mixed—using order book and candlesticks below, and only looking at lines above. Actually, I think it’s normal—as long as the method is effective and ensures accuracy, nothing else matters. Maybe someday in the future, you’ll also combine so-called unrelated tools for reference. It’s just like the knowledge we learn: copying what’s in the books is useless in real life, but combining it with your own experience makes it work even better! #BNB #Giggle #DOGE #ETH
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A point I've been emphasizing recently is not to rush into predicting prices—you need to confirm the trend first, which is around the 21 level. Below is the earliest and also the first chart post I referenced, where the prices 94 and 90–88 are clearly marked. Sometimes when that hardcore fan Q asks me how I see it since everyone else is looking at 13–15, I always tell you to focus on the present and confirm the trend before making further decisions. If the direction is still unclear and you give an expectation, isn’t that just fooling around?
Last night, the price reached the extreme position at 88 and then stopped falling, which barely scored a point. Today, when we talked about this support, I said it could only be used once, because I initially defined this area as support not based on the candlestick but on the order book. At that time, there were many thick orders in this range, so there was volume whenever there was buying. But now those orders are gone and have already been filled, which is why I say this support can only be used once, or unless new orders accumulate, otherwise you have to look for a different area with dense orders!
As for the 21-day moving average, you can always use it. Like I said before, if it can’t break up, then it’s just a regular rebound; if it does, then it’s a reversal. Some of you might be curious about why my methods seem so mixed—using order book and candlesticks below, and only looking at lines above. Actually, I think it’s normal—as long as the method is effective and ensures accuracy, nothing else matters. Maybe someday in the future, you’ll also combine so-called unrelated tools for reference. It’s just like the knowledge we learn: copying what’s in the books is useless in real life, but combining it with your own experience makes it work even better! #BNB #Giggle #DOGE #ETH