Afternoon
21 Aug 2026
Afternoon (UTC+7 Indochina Time) UPDATE
Yesterday, the price corrected without breaking below the $4,450 support level, triggering a rebound as expected. However, the price is Overbought and a Bearish Divergence has formed on the 1-hour and 4-hour charts, requiring caution against chasing purchases and suggesting that new long entries should wait for price pullbacks.
Investment strategy: Take profit on long positions if the price fails to pass $4,531–$4,541; if it breaks above $4,541, delay selling until $4,575–$4,596, and adjust the Trailing Stop to $4,503 to lock in profits.
Open long positions again if the price pulls back without breaking below $4,450; if it breaks below $4,450, delay buying until the next support level (Stop loss if price breaks below $4,285).