#数字资产市场观察 I checked the market data early this morning, and it's currently hanging around 895, having risen by 2.4%. At first glance, it seems okay, but upon closer inspection, something feels off.
The integer level of 900 has been tested several times without breaking through, and the 1-hour candlestick chart shows long upper shadows. More critically, there are over 30 million USD sell orders piled up at the upper Bollinger Band at 901.5, and the trading volume is clearly insufficient.
My thought is that the range of 897-901 can be considered for short positions, with the first target looking at the 880-85 area. If it aggressively breaks down, we could see 865.
Of course, the market changes quickly, so everyone should still combine their operations with real-time market data. If you're unsure, just observe more. $BNB has been quite strongly correlated recently, so let's pay attention together.
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
7
Repost
Share
Comment
0/400
BearEatsAll
· 11-30 19:30
This level is really stuck at 900, it feels uncomfortable just looking at it. That 30 million sell order pressure is indeed significant, I'm also looking to see if I can short.
View OriginalReply0
WhaleWatcher
· 11-30 19:30
900 that level is indeed a tough nut to crack, the 30 million sell order is really uncomfortable
Looking at the shape of the Bollinger Bands is indeed a bit precarious, but I still want to wait a bit longer, after all, the correlation is so strong that I don’t dare to recklessly place a short order.
View OriginalReply0
Lonely_Validator
· 11-30 19:27
900 this resistance level is really impossible to break through, it just feels uncomfortable to watch, I'm also pondering whether to go short
---
There are 30 million sell orders pressing down, this wave really has no momentum, let's see if it can hold above 880
---
With so many upper wicks, it's obvious that it's testing the ceiling, short orders are indeed worth laying out
---
Entering at 897 seems okay to me, just afraid of a rebound, this market is too easy to trap suckers
---
With strong connectivity, let's see how BTC moves, anyway BNB has already become familiar with this set
---
I'm not bold enough to cut down to 865, I can't afford that loss
---
Actually, I find it a bit hard to believe, this kind of analysis paper is seen every day, in the end, isn’t it still a reverse dumping
---
How did I not notice such obvious pressure from the Bollinger Bands? I need to learn your analysis well
---
Not to mention anything else, at least you speak with data, it's not so magical, much better than relying purely on feel
View OriginalReply0
AirdropHunterWang
· 11-30 19:27
900 this level is indeed a deadlock, where is the 30 million sell order? If the volume can't keep up, we have to be careful.
The urge to buy the dip is being suppressed, let's wait and see, no rush.
I've seen this trick several times, if it can't break through, it will be smashed down, then we'll have to pound our chest and stomp our feet.
View OriginalReply0
CryptoPhoenix
· 11-30 19:23
It's another day of being taught by the market, the 900 barrier has really become a roadblock, it seems I'll have to patiently wait for an opportunity.
View OriginalReply0
AirdropHunterKing
· 11-30 19:09
900 can't be broken, this is ridiculous, it shows that the market maker hasn't thought about pumping yet. I'm betting it will fall below 880, and then it will be time to buy the dip again, this kind of market tests one's mentality the most.
View OriginalReply0
PumpDoctrine
· 11-30 19:05
The 900 level is so hard, with 30 million USD pressing down, is it really going to get dumped this time?
---
There are so many sell orders piled up at the upper band of the Bollinger Bands, it feels like we're going to test 897, let's observe and see.
---
The signal of a long upper wick is quite interesting, 880-885 can indeed be a good layout.
---
It's really annoying that the volume is insufficient, if 900 can't break through, let's see the pullback level.
---
Let's keep an eye on BTC, it's easiest to get trapped when the correlation is strong.
---
Before laying out a short order, one still needs to watch the market, with such rapid movements, who dares to hold on?
---
With 30 million sell orders pressing down, this pressure is indeed quite intense, the probability of going down is quite high.
#数字资产市场观察 I checked the market data early this morning, and it's currently hanging around 895, having risen by 2.4%. At first glance, it seems okay, but upon closer inspection, something feels off.
The integer level of 900 has been tested several times without breaking through, and the 1-hour candlestick chart shows long upper shadows. More critically, there are over 30 million USD sell orders piled up at the upper Bollinger Band at 901.5, and the trading volume is clearly insufficient.
My thought is that the range of 897-901 can be considered for short positions, with the first target looking at the 880-85 area. If it aggressively breaks down, we could see 865.
Of course, the market changes quickly, so everyone should still combine their operations with real-time market data. If you're unsure, just observe more. $BNB has been quite strongly correlated recently, so let's pay attention together.