Crypto Circle Academician: On November 14, the oversold rebound in Ethereum (ETH)'s bearish trend, why position sizing and exiting are more important than direction
This article provides a structured review of the current Ethereum market. It focuses on technical aspects and is suitable for friends who want to clarify their thinking. First, I will use plain language to explain the current market background; then I will read daily cycle price, moving averages, MACD, and Bollinger Bands data; I will provide two reference plans for bulls and bears, indicating their respective stop-loss and target levels; after reading, if you can clearly judge "what trend we are currently in, where the key positions are, and what to do if wrong," this article will have been worth writing
The daily K-line TD structure has formed a 9. The price has fallen below all EMAs, and the short-term, medium-term, and long-term moving averages are in a bearish arrangement. The MACD double line continues to open downward below the zero axis. The Bollinger Bands are diverging downwards, with the middle track at 2218, the upper track at 2464, and the price has fallen below the lower track at 1972. Overall, the daily line is still in a clear downtrend, and the rebound has not reversed the structure; the low point at 1893 is the nearest defense line for both bulls and bears
The four-hour K-line moving averages remain layered above the price, applying pressure: EMA15 reports 1997, EMA30 reports 2052, EMA60 reports 2126, EMA90 reports 2175, EMA120 reports 2214, and the bearish arrangement has not changed. The MACD's downward momentum has weakened, but the double line is still below the zero axis. The lower Bollinger Band is at 1918, the middle band at 2018, and the upper band at 2119; the price is running close to the lower band. In the short term, there is a weak stabilization above 1893, but to confirm a rebound, it needs to first stand back on the middle band and the EMA15 area; otherwise, it can only be viewed as a consolidation during a downtrend
Short-term reference:
For going north from 1920 to 1880, facing resistance, with a stop-loss of 30 points, target looking at 1980 to 2030
For going south from 2020 to 2060, facing stagnation, with a stop-loss of 30 points, target looking at 1980 to 1930
Specific operations should mainly rely on real-time market data; for more detailed information, please consult me. The publication of this article has a delay, and it is recommended for reference only, with risks borne by the reader
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