The recent market movement is interesting. The price rebounded from the 2908 level, which happens to be near the lower band of the Bollinger Bands—a typical oversold support zone. The price is now above 2930, and the candlestick pattern suggests a feeling of stabilization and a potential halt in the decline, indicating that the buying force below is gradually accumulating.
From an operational perspective, my approach remains focused on buying low. You can look for opportunities to enter within the 2910-2880 range, with initial targets around 2970-3020. Of course, everyone’s situation is different, and you must set your own stop-loss levels properly—this is fundamental.
The specific strategy still depends on your risk tolerance.
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PositionPhobia
· 6h ago
Buy at the lower Bollinger Band, this wave is indeed stable, a good opportunity for low buy-in
Wait, can it still fall at the 2880 level? It feels like the buying pressure has already built up
Stop-loss must be set, otherwise the mentality is easy to collapse
I am optimistic about 2970-3020, just not sure if it can break through
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SchrodingerGas
· 6h ago
The lower band of the Bollinger Bands is indeed interesting, but the problem is that I've heard this kind of "accumulation of buying pressure" narrative too many times, and it often turns out to be a trap.
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RebaseVictim
· 6h ago
The Bollinger Bands routine is back again, as always — there's always a bagholder.
How did the 2930 level become support? Feels like the pattern hasn't changed.
Listening to "long-term buy on dips" sounds easy, and setting stop-losses is always mentioned. But when it comes to losing money, it's a whole different story.
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ContractExplorer
· 6h ago
It seems like 2930 is going to fluctuate again. I'll wait and see.
The recent market movement is interesting. The price rebounded from the 2908 level, which happens to be near the lower band of the Bollinger Bands—a typical oversold support zone. The price is now above 2930, and the candlestick pattern suggests a feeling of stabilization and a potential halt in the decline, indicating that the buying force below is gradually accumulating.
From an operational perspective, my approach remains focused on buying low. You can look for opportunities to enter within the 2910-2880 range, with initial targets around 2970-3020. Of course, everyone’s situation is different, and you must set your own stop-loss levels properly—this is fundamental.
The specific strategy still depends on your risk tolerance.