Market News | Daily Main Token Trends Overview

The article is reprinted from the daily market overview of W-Strategy who is a guest streamer of Gate.io, a senior strategy analyst of cryptocurrency, and the founder of Wcollege. The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

*The article is the original content of W-Strategy. Gate.io is only for reprint and distribution, and the copyright belongs to the author himself.

BTC

Summary: Over the past six months, its volatility has reached a new low. It is expected to exhibit a convergent pattern on the morning of the 22nd. A conservative bullish approach suggests entering long positions on a breakthrough above $30,888 US dollars or initiating short positions below $28,535 US dollars. The overall structure needs to maintain stability above the purple ascending trend line.

BAKE

Summary: The short-term market has shown significant activity. Yesterday’s recommended entry price was $0.1050 US dollars, with a target of $0.1415 US dollars. This morning, the highest reported price was $0.1421 US dollars, representing a peak increase of 33.75%. If the upward trend continues, it could reach $0.1567 US dollars and $0.1697 US dollars.

TRB

Summary: The daily chart displays a large bullish head and shoulders pattern, and a consolidation at a low level has persisted for nearly four months. Short-term positions can be initiated above $12.65 US dollars. Targets to watch for include $14.35 US dollars, $17.24 US dollars, and $22.55 US dollars in sequence. Utilizing a risk-to-reward strategy for initiating positions at lower levels is advisable.

MC

Summary: Since breaking through the convergence, the daily chart has consistently reached new highs and touched the target of $0.3758 US dollars, with a peak increase of 51.58%. Further advancement could lead to $0.6140 US dollars. It is recommended to realize profits at high levels in the short term. Support needs to be maintained above $0.3286 US dollars.

BAT

Summary: Continue positioning within a large triangular convergence. Long-term strategy awaits end-of-month patterns. Pursue long positions on breakthroughs, targeting $0.2221 US dollars, $0.2307 US dollars, $0.2435 US dollars, and $0.26 US dollars in sequence. The primary defense line still follows the ascending trend line.

For more details, please follow W-Strategy | post account:
https://www.gate.io/post/AxMRBAQDWVVVBl9QQgO0O0OO0O0O555