ETH today
30F, the nine-stage central axis is upgraded, and a very strong expenditure exit segment is played. It is a very standard falling structure, but the force is greater than I expected. This standard structure should be expected. If you are trapped, you need to review and reflect. Xiaoqun mentioned earlier that after the 4H second-class purchase of ETH failed the day before yesterday, I cleared my position.
Logic: The upward attack failed, and the central axis evolved into an expanding trumpet shape. Once the convergence risk is upgraded and evolved into a diamond central axis, it is highly likely to play a trend-following deduction exit segment. Regardless of whether this is a divergence or not, this is a spot visible to the naked eye. As a trader, you need to pay attention.
5F, also a decline without divergence, has three selling opportunities according to the structure, but because it is in an oversold state, it is easy to fall into the center if you hang short at this level, and the trend will not be very smooth. Therefore, it is recommended to start trading from the three buys of oversold rebound at 1F: Observe the formation process of the center at 1F or 5F. If there is a three buy, do an oversold rebound first. After the rebound at 30F, pull out the short order profit and loss ratio, and then consider doing three shorts.
