Someone sees the letter, someone believes and does it.
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We look at the market, the previous analysis is still valid, lasted 4 weeks of killing, rebound time will not be less than a week.
For the strength and space of the rebound, to reach the current price, has been achieved expectations, is a target, if reached more than $7,800, should be very satisfied, if you can reach $8,300, is really excellent performance.
The current judgment, or a time-sharing rebound, the goal is to correct the decline slope, repair the oversold indicator. It remains to be seen whether the next step will trigger a larger level of rebound, or even the completion of the bottoming. If you want to see daily analysis, you can me privately.
Strategy: If you don't break $7,300, keep looking up to $7,800 and $8,300. Do not operate full positions, that is dangerous, while strictly setting stop loss.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.