Coin Circle Li Ying: 11.25 Ethereum maintains a bullish trend, seeing through the false short conspiracy! Decisively layout, latest market analysis
Article publication time 2024.11.25----01:40
Current price of Ethereum is 3310, how many billions of dollars were cleared in another wave of liquidation? Li Ying chooses to enter at just above 3300, defending at 3200, leaving the rest to time. The reason is simple, the large-scale bullish trend remains unchanged, and what we need to do is to layout in advance. As long as the large-scale trend does not break, we can hold and look towards previous highs. Currently, after taking profits on shorts, just hold the longs and let's look at the current order book.
Li Ying still analyzes from the price trend. The current candlestick pattern shows a pullback after reaching a high of 3499 on the 23rd, forming a short-term downtrend. In the 4-hour cycle, the candlestick shows multiple long upper shadows, indicating heavy selling pressure above, clearly a profit-taking behavior by the main force. The technical indicator MACD shows both DIF and DEA are negative and the MACD histogram is in the negative area. The short-term order book is heavily bearish, but the large-scale trend remains bullish. Li Ying's thinking is still mainly based on a low long strategy.
The Relative Strength Index (RSI) has gradually retreated from the overbought zone and is currently around 51.95, close to the neutral area, indicating that market sentiment is stabilizing. The trend indicator EMA price is currently running below EMA7, with EMA30 providing support. If it can break through EMA7, it may further test EMA120. The trading volume has decreased, indicating a reduction in market activity, with no obvious signals of increase or decrease. Li Ying judges that under the condition that the trend has not changed, all indicators contain a false short conspiracy. Li Ying still insists on a strategy mainly focused on low longs and a defensive approach with shorts.
Today's latest point reference
Long position at 3300, cover at 3200, stop at 3150, target 3450
Short position at 3450, cover at 3500, stop at 3550, target 3300
The above analysis is based on market data and trend analysis of the order book, and does not constitute investment advice. For reference only. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. In this process, Li Ying has experienced both the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Li Ying feels a responsibility to share her insights, hoping to assist others with dreams in finding their place in this ever-changing market and starting their own journey to success.
The content of the article is real-time and for reference only, risk is borne by oneself
