COMP has recently shown some interesting signals. The 4-hour MACD has formed a bullish divergence, and the price has broken through the previous neckline. The complete head and shoulders bottom pattern has thus emerged, which usually indicates a rebound.
If you're interested in participating, you can stagger your entries: the first batch at 25.3, and the second batch to add at 24.5. To be safe, set your stop loss at 24.
How to view the target? First, look at 27 as the first resistance. If it breaks above 27, then 30 is within reach. If the market is strong enough, 35 is also not a dream.
Finally, a note—since the US stock market is closed tonight, holiday trading usually tends to be less volatile. Bitcoin lacks direction, and altcoins are also just following the trend somewhat. During such times, it's actually quite frustrating. It's better to be patient and wait until tomorrow when market activity picks up and clear entry signals appear, then get in. The win rate will be higher.
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.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
GreenCandleCollector
· 22m ago
I believe in the head and shoulders bottom pattern, but please don't mess around with the market during the holiday period.
View OriginalReply0
0xOverleveraged
· 8h ago
The head and shoulders bottom has appeared, and this wave is indeed interesting. However, with the holiday market so weak, I'll wait a bit longer to avoid getting caught.
View OriginalReply0
MrRightClick
· 9h ago
The head and shoulders bottom pattern has been heard too many times. Whether it's real or not this time is hard to say.
View OriginalReply0
RebaseVictim
· 9h ago
Head and shoulders bottom sounds good, but this holiday wave really isn't that interesting. I'll just wait and see.
View OriginalReply0
AirdropFatigue
· 9h ago
The head and shoulders bottom pattern is interesting, but is it time to enter now? The holiday market trend is too weak, so I think I'll wait and see.
COMP has recently shown some interesting signals. The 4-hour MACD has formed a bullish divergence, and the price has broken through the previous neckline. The complete head and shoulders bottom pattern has thus emerged, which usually indicates a rebound.
If you're interested in participating, you can stagger your entries: the first batch at 25.3, and the second batch to add at 24.5. To be safe, set your stop loss at 24.
How to view the target? First, look at 27 as the first resistance. If it breaks above 27, then 30 is within reach. If the market is strong enough, 35 is also not a dream.
Finally, a note—since the US stock market is closed tonight, holiday trading usually tends to be less volatile. Bitcoin lacks direction, and altcoins are also just following the trend somewhat. During such times, it's actually quite frustrating. It's better to be patient and wait until tomorrow when market activity picks up and clear entry signals appear, then get in. The win rate will be higher.