Crypto Circle Academy: On December 31, step in time with Ethereum to recover funds! How to maintain profitability during market consolidation?
Ethereum is currently priced at 3395. It is now 5 AM, and the daily candlestick has not yet closed. I mentioned the other day that I missed the entry point going south, but going north, catching 100 points in this kind of market is already quite good. The market is expected to continue consolidating, so friends going south above 3400 should be prepared to defend and set stop-losses, with the target still around the support at 3300. Such a frustrating and patient market is most suitable for novice traders. The top resistance level and bottom support of the box have basically been established, and with proper stop-losses, it is entirely possible to achieve small losses and large profits.
The daily candlestick reached a high of 3436 and a low of 3300. Coupled with the contraction of the EMA trend indicator, the top trend indicator's resistance level has risen to around 3470. Therefore, proper defense can allow for安心持有 (peaceful holding). The MACD bottom divergence with reduced volume and increased positions has persisted for a long time. The DIF and DEA are still contracting within the energy indicators. The overall trend remains a symmetrical triangle contraction, with the Bollinger Bands expanding downward. The lower support is at 3090, and the middle support to watch is at 3580.
The four-hour candlestick box is the most obvious. The EMA trend indicator is contracting, with the EMA60 resistance level at 3433 and lower support at 3300. The MACD is maintaining the bottom divergence trend with reduced volume, and the DIF and DEA are below the 0-axis and may break through it at any time. Therefore, friends going south above 3400 must set stop-losses; if wrong, do not hold firm; if right, catch 100 points, and if wrong, exit with a small loss. The upper Bollinger Band is at 3435, and the lower support is at 3315. When trading the box, ensure to have a defense point and stop-loss point to avoid being swept out.
Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first; small losses and large profits should be the goal.
Going north trial entry point 3300 to 3250, defense 3200 to 3150, stop-loss 50 points, target 3350 to 3400, if broken, look at 3450.
Going south trial entry 3450 to 3500, defense 3550, stop-loss 50 points, target 3400 to 3350, if broken, look at 3300.
I am a warrior from the Crypto Circle Academy, always protecting the retail traders. I wish my fans financial freedom in 2024. Let’s work hard together!