The market with a poor sense of direction makes you want to enter.

There was a time in the past when I was most afraid of “doing nothing.”

In today’s article, I will整理 reasons and grounds for skipping entries.

The current price is trading around $4,654.

The 1-hour EMA (moving average) is arranged from short to long as 20 > 75 > 200, so by just looking at the array, it indicates an upward direction. On the other hand, the RSI (an indicator showing overbought/oversold) is 46.47 and below 50, so the momentum of a rise cannot be confirmed.

On the 15-minute chart, the upper Bollinger Band is $4,664 and the lower band is $4,648, a narrow range, indicating the market is accumulating energy. The RSI is 45.50, slightly weaker than neutral.

In short, the chart shape suggests an upward direction, but the momentum is not accompanied by it. I see it as a quiet waiting period before either side moves.

This article is personal analysis and does not recommend or solicit investments. Please make your own trading decisions at your own risk.

If the price clearly breaks above around $4,660 resistance and the RSI recovers to 50, I will start to consider a shift toward a buying direction. However, at this point the momentum has not been confirmed, so I want to avoid chasing buys.

On the other hand, if the price breaks below $4,650 and moves below EMA75 and EMA200, I will consider a shift toward selling. To be prepared for either outcome, I believe the best approach today is to stay still and observe the market.

Today there are no entry points that meet RR1.5, so we skip entries. The following is for reference.

▼ Long (buy on dip) *Reference / Self-judgment

Reference zone: $4,627–$4,637 (Basis: 1H EMA200)

Reference take-profit: $4,705 ／ Reference stop-loss: $4,580

Expected RR: 1.40 (below standard / self-judgment)

* These are educational reference values. Make actual trading judgments yourself.

Today we could not compute a reference breakout entry either.

Resistance 1: $4,665 (Basis: 1H EMA20)

Resistance 2: $4,710 (Basis: previous day high)

Support 1: $4,650 (Basis: 1H EMA75)

Support 2: $4,600 (Basis: previous day low)

1H EMA200: $4,630 (to be used as a broader support)

“Choose staying out with justification rather than moving without reason.”

This article is personal analysis and does not recommend or solicit investments. Please make your own trading decisions at your own risk.

If this has been helpful, a follow would be appreciated for encouragement.

Feel free to leave questions or impressions in the comments.