Monday Evening Jingyi’s Trading Approach Analysis

Today’s mood is way too relx. At the start of Monday, the market saw a sharp intraday drop of 2,000 points welcomed right out of the gate. The price action weakened quickly. The call was spot on—many people are wondering whether this round of selling is only a short-term pullback or the start of a deeper retracement. Based on technical formations, indicator structure, and the logic from the news, Jingyi breaks down the potential next move for you.

In this round, the “Big Cake” has been rising continuously for nearly one month, and the stage gain is close to 25%. When the coin price hit the key resistance near the previous high, it failed to break upward and strengthen as expected, but instead plunged quickly.

On the chart, the core upward trendline is hanging by a thread. Once it is effectively broken, the move downward will accelerate, and both the pullback room and the speed of the decline will expand at the same time. A larger-scale adjustment phase is officially beginning.

On the news front, right now the only support the bulls have is the positive expectation of a U.S.–Iran ceasefire. But the market has already priced in and front-ran the hype. The recent sustained uptrend is essentially digesting the good news in advance. Even if the ceasefire news lands later, it will only bring a brief and modest uptick; once the positive news is used up, a pullback from the high levels is just a matter of time.

From an execution standpoint, keep the whole time with the mindset of “sell on rallies.” Resistance is at 785-795, with heavy resistance at 815. Support is at 768-737.

Opportunities are always reserved for those who plan ahead. Whether it’s a long-term trend or a short-term swing, trading in the direction of the trend is the key to long-lasting profitability. Finally, I wish you all successful trading!

#WCTC交易王PK