This asset is currently testing the downward trend on the daily chart. To be honest, the recent movement has been a bit frustrating, lingering within a slight downward channel. But from a technical perspective, the key is whether it can retest and hold the trendline at the daily level.
As long as it successfully maintains this critical support, the medium-term bullish outlook remains intact. Of course, short-term opportunities should not be missed— the recent short-term buy signals at the lows are precisely the optimal entry points in terms of risk-reward ratio. The market is like that; what seems monotonous on the surface often hides the most solid opportunities. Continue to patiently wait for trend confirmation.
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CryptoSurvivor
· 01-09 17:55
The sluggish market indeed makes people annoyed, but the signal at the low point is still somewhat interesting.
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BrokenDAO
· 01-09 17:54
I've heard this support theory too many times, and it always gets broken eventually. The key question is, who will guarantee the "stability"?
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AlgoAlchemist
· 01-09 17:46
I've been dragging this out for so long, now it's time to see if it makes it or breaks it. If the support line doesn't hold, I'm getting out immediately.
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HalfPositionRunner
· 01-09 17:44
If we keep dragging this out, it'll be really annoying. It all depends on whether we can hold that line.
This asset is currently testing the downward trend on the daily chart. To be honest, the recent movement has been a bit frustrating, lingering within a slight downward channel. But from a technical perspective, the key is whether it can retest and hold the trendline at the daily level.
As long as it successfully maintains this critical support, the medium-term bullish outlook remains intact. Of course, short-term opportunities should not be missed— the recent short-term buy signals at the lows are precisely the optimal entry points in terms of risk-reward ratio. The market is like that; what seems monotonous on the surface often hides the most solid opportunities. Continue to patiently wait for trend confirmation.