11.28 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Yesterday, Lihui mentioned that the convergence of the fast and slow lines on the Ethereum daily chart would create a reversal situation. Indeed, the market confirmed Lihui's expectations, as the price surged to above 3600. Although the current situation shows a bullish pattern, Lihui does not recommend chasing the highs, as significant increases often lead to deep corrections. From the Fibonacci retracement and linear resistance, Ethereum is currently facing dual pressure at the 78.6 level and the upper trend line. Lihui believes it is possible to try shorting, but positions should be light, and stop-losses should be in place. A small loss is acceptable, as there is still considerable room for correction. After hitting the stop-loss, continue to adjust the opening price. Remember, do not chase the highs at the current position; avoid becoming a high-position retail investor! After capturing a wave of shorts, focus on low longs.
Beijing time, March 27, 4:38 AM: It is recommended to enter light shorts above 3600, with a reserve for adding positions in the 3650-3670 range; stop-loss above 3700; target at 3450-3350; if it breaks below the 3330-3300 range, you can continue to hold.
For low longs, it is suggested to enter if the 3330-3300 range does not break, as there is significant target space that can be adjusted based on market changes!
There may be delays in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and real-time notifications should be prioritized. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take-profit and stop-loss levels when entering, and take profits when available!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency market. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are unsure about trading!
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This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only; risks are to be borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's trials, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a glorious future, sharing the joy of success. Let us work hand in hand to create brilliance on this investment journey filled with challenges and opportunities!
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