Market Update: $BX 📊
Suggested Direction: Short
Entry: 127.9496-128.9409
Stop-Loss Reference: 129.4916
Target Prices: 127.1786/126.0771/124.4250
Analysis: 128.28—this level makes people yawn. The EMA just barely crosses the short below the long by only a few hundredths; the MACD dead cross is quite proactive, as if it’s afraid of being late. RSI at 46.6 is pretending to be neutral, but deep down it already wants to go short. The short trend is correct, but don’t expect a single big bearish candle to smash through the core. This market action is likely to drag on, wearing you down into an old bald guy. First, watch whether it grinds lower (a steady drop) or does a fake breakdown. Set your stop-loss at 129.49—don’t let a retracement trick you into losing your shorts. Both bulls and bears are acting there; whoever breaks the key level first gets to speak. Let’s pull up a chair and watch who can’t hold on.
Tip: Suggested Stop-Loss Level: 129.491571, please adjust your position size according to your own risk preference
#BX
Suggested Direction: Short
Entry: 127.9496-128.9409
Stop-Loss Reference: 129.4916
Target Prices: 127.1786/126.0771/124.4250
Analysis: 128.28—this level makes people yawn. The EMA just barely crosses the short below the long by only a few hundredths; the MACD dead cross is quite proactive, as if it’s afraid of being late. RSI at 46.6 is pretending to be neutral, but deep down it already wants to go short. The short trend is correct, but don’t expect a single big bearish candle to smash through the core. This market action is likely to drag on, wearing you down into an old bald guy. First, watch whether it grinds lower (a steady drop) or does a fake breakdown. Set your stop-loss at 129.49—don’t let a retracement trick you into losing your shorts. Both bulls and bears are acting there; whoever breaks the key level first gets to speak. Let’s pull up a chair and watch who can’t hold on.
Tip: Suggested Stop-Loss Level: 129.491571, please adjust your position size according to your own risk preference
#BX