Today's key in the market data depends on these three signals.



**Trading volume is fundamental**. To maintain the current oscillating pattern, the trading volume must support it. Once the volume decreases, the rebound is likely to be pushed back. This is the first checkpoint to determine whether it can continue to rise.

**1889 points is the line of life and death**. This resistance level is currently the ceiling of the entire oscillation range, with resistance above and support below. Whether it breaks here will determine whether we move out or continue to grind within the box. If it breaks, a pullback confirmation is needed; if it doesn't break, adjustments are also necessary.

**Emotions are starting to fade**. Since Friday, there have been signs of a sell-off, first with mid-cap stocks being hit, and today it has directly evolved into a full-line correction of mid to high-level stocks. This kind of ebbing of emotions often indicates that the market is making a directional choice.

Looking at these three points together, everyone should think about how they will respond.
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.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
hodl_therapistvip
· 12-23 03:58
The volume has decreased, if 1889 can't be broken, we still have to continue waiting.
View OriginalReply0
SandwichVictimvip
· 12-22 10:51
If 1889 can't be broken, we might have to keep grinding in the box, my holdings have long been flat.
View OriginalReply0
BakedCatFanboyvip
· 12-22 10:45
It's the same old story again... When the Trading Volume shrinks, you have to run; if 1889 can't break, it will continue to be trapped. With the ebbing of emotions, don't expect anything. To put it bluntly, it's still about the atmosphere; without the atmosphere, everything is in vain.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)