On the 1-hour chart, after the price surged to 3166, it has now begun a correction. The upper band of the Bollinger Bands is exerting pressure on the price, and the KDJ indicator is in the overbought zone with a dead cross formed. It is highly likely that a pullback will occur before attempting to push higher again.
Personal suggestion, for reference only (strictly set stop-loss) Erbing can be positioned around 3160-3180, with a target of 3050-3080.
View Original
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.
1.4 Sunday Morning Erbing Silk Road
On the 1-hour chart, after the price surged to 3166, it has now begun a correction. The upper band of the Bollinger Bands is exerting pressure on the price, and the KDJ indicator is in the overbought zone with a dead cross formed. It is highly likely that a pullback will occur before attempting to push higher again.
Personal suggestion, for reference only (strictly set stop-loss)
Erbing can be positioned around 3160-3180, with a target of 3050-3080.