Has the recent significant market decline left some novice investors feeling confused? Here, I once again emphasize the importance of controlling risks, especially avoiding blindly chasing prices. I have reminded you many times before not to go long easily.
The market is changing rapidly, and trying to buy at the bottom is likely to face greater risks. Since the day before yesterday, I have continued to emphasize that there is a risk of a market correction.
Before yesterday's close, I expected the price to pull back to around 3400 to seek short opportunities, but due to the weak bullish power in the market, it failed to effectively reach this price. Currently, the market has fallen below the key support level of 3310 and is moving towards 3220 (which is also the downside target I shared with the community yesterday). This area may be an important liquidation line for some investors.
For the trading strategy on ETH (Ethereum) on January 9, 2025, I recommend focusing on the strong resistance area of 3320-3330.
My operational thought remains to try small position short orders in this area, setting the stop-loss at 3355. This suggestion is for reference only. The target can be set around 3275. It is expected that the market will likely be dominated by fluctuations during the day.
It is important to note that market trends are not entirely predictable, so strictly implementing a stop-loss strategy is crucial. I always adhere to high-probability trades, but there is risk in any trade, so please exercise caution.