On Friday morning, looking at this market, the four-hour chart shows the price oscillating between the middle and lower bands of the Bollinger Bands. Occasionally, it tests the support level and bounces back, but the upward momentum is clearly weak, and the overall trend appears quite sluggish. There have been several attempts to push towards the upper Bollinger Band, but resistance above is quite strong.
The morning trading strategy remains focused on high-level positioning.
Specifically: consider short positions in the 3150-3180 range, with a target around 3060 below. Aggressive traders can enter in batches, remember to set stop-losses, and move forward step by step.
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LiquidationWizard
· 15h ago
The weak market trend remains stable with short positions, entering short at 3150 is definitely appropriate.
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LiquidityWitch
· 22h ago
A weak market is indeed difficult to operate in, but this space still seems promising.
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MemecoinTrader
· 01-10 01:41
ngl the sentiment cascade here is *chef's kiss* - classic exhaustion pattern before the narrative flips, watching retail sentiment on this one rn
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MerkleDreamer
· 01-09 02:53
Weak market sentiment, are the short sellers going to hold on and endure again?
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BearMarketMonk
· 01-09 02:51
It's weak, the Bollinger Bands are stuck, and you still want to push upward? Shorting this wave is a sure thing.
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AirdropHermit
· 01-09 02:44
The weak market is back again. Are we going to stubbornly fight at 3150 this time? It really feels like the top is solidly in place.
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UncleWhale
· 01-09 02:41
This market is really weak, the constant squeezing from both sides is so annoying.
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It's the middle band of the Bollinger Bands swinging back and forth, incredible.
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I followed the short positions at 3150-3180, just waiting to see if it can break 3060.
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The head is powerless, this kind of market is the most annoying, stop-loss must be well managed.
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Aggressive batch entry? I'll stay cautious, you can't gamble in this market.
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Resistance is stuck, still trying to reach the upper band, stop dreaming, brother.
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The weak market tests patience the most, no rush, take it slow.
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Support has rebounded again, feels like 3060 below is quite stable.
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Bollinger Bands squeezing for so long, a move is bound to come.
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Be careful when shorting, the rebound trap is deep, don't get caught off guard.
On Friday morning, looking at this market, the four-hour chart shows the price oscillating between the middle and lower bands of the Bollinger Bands. Occasionally, it tests the support level and bounces back, but the upward momentum is clearly weak, and the overall trend appears quite sluggish. There have been several attempts to push towards the upper Bollinger Band, but resistance above is quite strong.
The morning trading strategy remains focused on high-level positioning.
Specifically: consider short positions in the 3150-3180 range, with a target around 3060 below. Aggressive traders can enter in batches, remember to set stop-losses, and move forward step by step.