12.12 $ETH Analysis and Operation Suggestions
For short orders above 3750, it is recommended to continue holding. As long as the retracement does not break 3640, you can continue to hold, and pay attention to the key support level of 3500. If it falls below 3500, it is recommended to take half of the profit and continue to hold the remaining position. Do not try to take profit at the lowest point, but adjust the take profit point at each retracement. For example, after Ethereum plunged last night, it took profit at 3520, and then took profit at 3720. When the impact of 3800 failed and the retracement fell below the neckline of 3730, long orders must be cleared without hesitation.
Current market analysis:
--Daily K-line: Highest point 3780, lowest point 3515. EMA15 trend line support becomes pressure level 3695, pay attention to EMA30 support point 3485. MACD began to shrink downward after the end of the large volume, and DIF and DEA formed a dead cross at a high level. After the Bollinger Bands contracted, the K-line fell below the middle rule of 3630 twice. If it breaks 3630 in the upward correction, a stop loss of 10 points can be set upward. If it does not break 3630, it can continue to hold. Pay attention to the lower rail support of 3200. The overall trend tends to be short.
--Four-hour K-line: Currently above the key support of 3500, there is a rebound and touches the EMA120 pressure level of 3625. The overall trend of EMA begins to shrink downward, forming a mesh empty indicator. After the correction to EMA120 forms a clear pressure, consider laying out a short order. MACD shrinks downward, and DIF and DEA are about to fall below the energy indicator. The Bollinger Bands open downward and spread, and the fast line spreads downward around the lower rail of 3585. The overall trend is short. Whether it is a vacuum or a trap, once a clear entry signal appears, just follow the system to execute, set a stop profit and stop loss, and leave the rest to time.
Reference for short-term operations:
-- Safety first, remember that the market is not 100%, so you must set a stop loss, with a small loss and a big profit as the goal.
-- Actual position short at 3765, target the previous low and retracement point 3640.
Trading strategy:
-- Above: short at 3850 to 3900, defense 3950, stop loss 50 points, target 3600 to 3550, break continue to look at 3500 and 3450.
-- Below: long at 3400 to 3350, defense 3300, stop loss 50 points, target 3500 to 3550, break continue to look at 3600 to 3650.
