When a unilateral trend comes, it will last for about a week. How to avoid going in the wrong direction and find the right point to get on the train in time?
Compared with April, the market in May is more normal, but the situation of long and short double killing has not changed. This round of rise was affected by CPI and directly went from around 62,000 to 67,000. There is no sign of a correction at present.
The next direction is very obvious, that is, to do more in the correction. The support level below the big cake is around 66,530. After breaking it, you can chase the short without hesitation. Past experience shows that there are few failures.
If it does not break for a long time, then this round of target is likely to start a round of correction after 70,000, but the second stage of the bull market is on the way.
It is not recommended to chase more during the oscillation range to prevent standing guard at high positions. We have been laying out short-term lines between 3090 and 3140 of Ethereum since yesterday. During the sideways oscillation, we have accumulated more than 160 points. This is the safest way.
Don't underestimate the sideways fluctuation. Although the fluctuation is slow, it is quite safe. Long and short positions can be caught. Stop loss immediately when a position is broken. This method has been used for many years!
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