FTM, along the trend line.

Jun 3, 2022

The following are machine translations:

In the 4-hour chart, it rebounded in the medium and long-term period, and the low point of the callback was gradually raised, forming an upward trend line, and this rebound was walking along the upward trend line. At present, a short-term downtrend line has also formed to suppress and step back. The medium and long-term uptrend line and the short-term downtrend line form a triangle shape, which is gradually narrowing, and the direction is about to be selected. A step back to the uptrend line is now possible, try a short long.
From the perspective of indicators, the energy column of the macd indicator is gradually approaching the zero axis, forming a bullish trend. The rebound of the RSI indicator is blocked at the neutral 50, and the bears are stronger than the bulls, and they may step back near the oversold zone.
In operation, judging from the indicators and the current trend, it is possible to step back on the rising trend line, but at the trend line, the RSI indicator may reach an oversold state, and the macd is still in an upward trend, so do it at the rising trend line. More, looking at the vicinity of 0.42, below the trend line point stop loss.