Look at this BNB/USDT daily chart, and now an interesting situation has emerged——the price has moved back above the EMA28, but it just experienced a rapid surge followed by a pullback. This "rise then pullback and re-establishment" pattern is actually more worth paying attention to than chasing highs, because it usually indicates that there is a second wave opportunity in the trend.
First, calmly verify the conditions. The EMA28 is currently around 883.59, and the current price is 908.34, clearly above the moving average. The key is the last two candlesticks—if both are bullish candles with closing prices higher than opening prices, then from a technical indicator perspective, this trade setup meets the criteria. However, you should confirm the data on your platform yourself to avoid being misled by false signals.
What you really need to understand is: why act at this position? The current market is in a stage of "bulls attempting to regain control." The probability of success comes from EMA28 becoming a support level, allowing the price to continue upward; the risk, however, is a false breakout, followed by a retreat below the moving average.
To operate more safely, you can follow this approach:
**Step 1**: Confirm that the close is above EMA28 (which you already have) **Step 2**: If the daily close falls below this moving average, immediately exit and do not stubbornly hold **Step 3**: A safer method is to wait for the next candlestick to also stabilize above the EMA, which will significantly reduce the chance of a false breakout
Regarding stop-loss, the first line of defense is around 883, near the EMA28. For a more conservative approach, look at the lower edge of the red zone on the chart, approximately around 886. If the price falls below and cannot quickly recover, it indicates that the "re-establishing above the moving average" attempt has failed, and the probability of trend continuation diminishes.
It’s important to emphasize that any technical analysis is just a reference and does not constitute investment advice. The market is constantly changing, and risk management is the foundation of long-term stability.
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.
19 Likes
Reward
19
5
Repost
Share
Comment
0/400
DegenWhisperer
· 4h ago
It's the same routine of bouncing back and standing firm. Every time, they talk about a second wave of opportunity. But what happens? You still have to keep an eye on that 883 line. Once it breaks below, just run. Don't expect any trend continuation.
View OriginalReply0
SnapshotLaborer
· 01-11 01:49
It's the familiar moving average trick again—betting on false breakouts is the most exciting but also the most expensive.
View OriginalReply0
RetroHodler91
· 01-11 01:39
Is that 883 line really that sacred? Why do I feel like it always gets broken?
View OriginalReply0
GasFeeLover
· 01-11 01:28
It seems there are many tricks, I'm already tired of the EMA28 thing.
Look at this BNB/USDT daily chart, and now an interesting situation has emerged——the price has moved back above the EMA28, but it just experienced a rapid surge followed by a pullback. This "rise then pullback and re-establishment" pattern is actually more worth paying attention to than chasing highs, because it usually indicates that there is a second wave opportunity in the trend.
First, calmly verify the conditions. The EMA28 is currently around 883.59, and the current price is 908.34, clearly above the moving average. The key is the last two candlesticks—if both are bullish candles with closing prices higher than opening prices, then from a technical indicator perspective, this trade setup meets the criteria. However, you should confirm the data on your platform yourself to avoid being misled by false signals.
What you really need to understand is: why act at this position? The current market is in a stage of "bulls attempting to regain control." The probability of success comes from EMA28 becoming a support level, allowing the price to continue upward; the risk, however, is a false breakout, followed by a retreat below the moving average.
To operate more safely, you can follow this approach:
**Step 1**: Confirm that the close is above EMA28 (which you already have)
**Step 2**: If the daily close falls below this moving average, immediately exit and do not stubbornly hold
**Step 3**: A safer method is to wait for the next candlestick to also stabilize above the EMA, which will significantly reduce the chance of a false breakout
Regarding stop-loss, the first line of defense is around 883, near the EMA28. For a more conservative approach, look at the lower edge of the red zone on the chart, approximately around 886. If the price falls below and cannot quickly recover, it indicates that the "re-establishing above the moving average" attempt has failed, and the probability of trend continuation diminishes.
It’s important to emphasize that any technical analysis is just a reference and does not constitute investment advice. The market is constantly changing, and risk management is the foundation of long-term stability.