The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has been the key to Minghui's consistent success in the market. Many people fail due to chaotic operations, lack of planning, and no strategy. Most losses stem 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 signals, and having a poor mindset, leading to 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, with significant price differences. If one is reluctant to take a loss, they can only endure. Stable entry points allow for profit-taking or withdrawal.
7.14 Cryptocurrency Market Analysis by Minghui: Ethereum (ETH) Strategy Reference
Ethereum experienced a downward correction yesterday, touching around the 2900 level before rebounding. Both bulls and bears began to become entrenched, and the trend has entered a high-level consolidation phase after a corrective adjustment. Although the price broke through the 3000 resistance last night, it has not stabilized, and the trend is again undergoing a correction. The short-term oscillation pattern has not been broken and is expected to continue for some time.
On the short-term hourly chart, the market is in a pressured correction phase, with prices repeatedly testing the range. There is a possibility of another pullback to the main support, so it is not advisable to blindly chase the price upwards. Currently, the overall daily trend maintains a corrective adjustment, so the strategy should focus on low buys at high levels.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Cryptocurrency Market Minghui). The first ten daily followers can receive free exit strategies.
7.14 Short-term Strategy Reference for Ethereum:
- Buy suggestion at 2999-3045, with a stop-loss at 3150, and a target below 2930.
- Buy suggestion at 2920-2875, with a stop-loss at 2750, and a target around 2960.
7.14 Short Message Strategy Reference for Bitcoin:
- Buy suggestion at 119500-120800, with a stop-loss at 122900, and a target below 117800.
- Buy suggestion at 116500-117500, with a stop-loss at 115050, and a target above 118000.
The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Once again, emphasize risk management; no matter how confident you are in your future market predictions, always set your take-profit and stop-loss levels! If you need analysis on other cryptocurrencies, feel free to comment or message privately. If you like this content, please give it a thumbs up and support. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Cryptocurrency Market Minghui). The first ten daily followers can receive free exit strategies.
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