#美联储重启降息步伐 $FHE's recent price action is really interesting. I jumped in around noon and took profits at the 0.05 level. Then I watched a new high get broken, which seemed inevitable from the daily chart.
The problem now is that selling pressure is starting to show. Don’t get fooled by the market makers; it’s better to move your take-profit point up, setting it around 0.0585 for more security. After all, that big 0.16 candle from August is acting as resistance here, and breaking through in the short term won’t be easy.
This kind of price action is basically repeated testing at key levels; those who can hold on will naturally make money. We're at a critical point now, and the next few candles should show where things are headed.
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.
21 Likes
Reward
21
9
Repost
Share
Comment
0/400
MevShadowranger
· 16h ago
Still blindly buying the dip even after blacking out
View OriginalReply0
EntryPositionAnalyst
· 12-09 11:23
You need to achieve steady success.
View OriginalReply0
GasFeeWhisperer
· 12-09 06:59
Profit and loss are all at the critical point.
View OriginalReply0
DuckFluff
· 12-09 06:59
When taking profits, you definitely want to be cautious.
#美联储重启降息步伐 $FHE's recent price action is really interesting. I jumped in around noon and took profits at the 0.05 level. Then I watched a new high get broken, which seemed inevitable from the daily chart.
The problem now is that selling pressure is starting to show. Don’t get fooled by the market makers; it’s better to move your take-profit point up, setting it around 0.0585 for more security. After all, that big 0.16 candle from August is acting as resistance here, and breaking through in the short term won’t be easy.
This kind of price action is basically repeated testing at key levels; those who can hold on will naturally make money. We're at a critical point now, and the next few candles should show where things are headed.