$ETH Evening Thoughts:
The brain is truly a wonderful thing; what use is it to have a brain if you don't understand how to use it? Those who know how to use their brains but cannot think, simply listening to others, are also not suitable for trading. Learn to engage your brain and learn how to think.
Why do I say this: If you hear someone say tonight that Bitcoin is going to 50,000 and you just go short? Can't you judge for yourself how credible this information is? You must have your own thinking and logic; whether trading or doing anything else, without logic and structure it won’t work.
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Talking through the chart: The second market continues to hover around 3400 in this range, just like Bitcoin, unable to go up or down. It’s stuck here. Personally, I am somewhat biased towards a bearish outlook, but could this seemingly stable market hide some secrets? When trading, do not have too many conspiracy theories; if a key level breaks, just go short.
Pay attention to observing volume and price behavior, ensure to set your stop-loss properly before the meeting.