The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has always been the key to Minghui's success in the market. Many people fail due to chaotic operations, lack of planning, and no strategy. Most losses occur from locking positions, holding onto trades, and not using stop-losses. The root cause is often a lack of skills and ideas, blindly trusting others' trades, following the wrong orders, and having a poor mindset, resulting in small gains and large losses. The saying "think thrice before acting" holds true; only well-considered entry points should be taken. Aggressive points can leave traders in a dilemma, either catching the highest or lowest points, leading to significant price differences. If one is reluctant to take a loss, they can only endure. Stable entry points allow for profit-taking or exiting the market.
7.3 Minghui in the Crypto Circle: Ethereum (ETH) Market Strategy Analysis Reference
Although Ethereum has recently been affected by the overall market, showing a wave of correction, the upward trend has not changed. Yesterday, there was a slight reversal, and the market showed a strong rebound, quickly swallowing the previous decline, with morning highs approaching the 2620 level. Currently, the coin price is consolidating at a high level, with short-term upward momentum weakening, but the overall high is slowly rising. Therefore, it is recommended to focus on buying on dips and not to blindly chase after the market.
From the short-term hourly chart, the Bollinger Bands are opening up, with the price moving in the middle to upper band area, indicating bullish sentiment. The market is leaning towards an upward trend. Recent movements show that as long as the overall market stabilizes, Ethereum will definitely move upward. Thus, the short-term strategy should follow the trend, and entering short positions is not recommended for now. Support is noted around the 2480 level, which is a consideration for entering long positions. If the market breaks and stabilizes above the 2600 line, the upward momentum is expected to continue, with the market likely testing the 2700 mark. Therefore, it is suggested to seize a wave of profits in the short term, with a conservative take-profit target of around 30 points.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Minghui in the Crypto Circle). The top ten each day can receive free exit strategies.
7.3 Short-term Strategy Reference for Ethereum:
Long suggestion: 2605-2665, with a stop-loss at 2780, stop-loss of 30 points, target below 2560.
Short suggestion: 2480-2530, with a stop-loss at 2350, stop-loss of 30 points, target near 2580.
7.3 Short Message Strategy Reference for Bitcoin:
Long suggestion: 109000-110000, with a stop-loss at 112000, stop-loss of 500 points, target below 108100.
Short suggestion: 106500-107500, with a stop-loss at 104550, stop-loss of 500 points, target above 108200.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Minghui in the Crypto Circle). The top ten each day can receive free exit strategies.
The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Again, it is emphasized to manage risk well; no matter how confident you are in your future market predictions, always have stop-loss and take-profit measures in place! If you need analysis on other cryptocurrencies, feel free to comment or message privately. If you like this, please give a thumbs up for support!
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