Let's review the daily candlestick movements of Ethereum, which are indeed thrilling. Just today, the price of Ethereum broke through the previous high again, reaching a peak of 3765. However, the good times didn't last long, as the price quickly fell below the neckline level of 3690. Many investors chose to take profits at the neckline level, and as for me, although I didn't short at the neckline last night, I decisively entered at 3560, set a defensive level at 3530, and placed a stop-loss below 3500. The current price of Ethereum is 3625, and it is now 3 PM. Did you know? Just now, the daily candlestick of Ethereum broke through the previous high again but quickly fell below the neckline level. What kind of market game is this?
Let's take a look at the current market situation. The daily candlestick reached a maximum of 3765, but then the main funds began to take profits and liquidate long positions, causing the price to quickly drop to a low of 3555. Fortunately, I had placed a buy order at 3560 and successfully entered the market. Here, I want to remind everyone not to have a complacent mindset; the market is ever-changing, and further liquidation is possible. Therefore, we must safeguard our stop-losses, not consider profits for now; only by first "surviving" can we stand firm in the market.
In conclusion, the market volatility of Ethereum is indeed hard to grasp, but as long as we remain calm and manage our stop-losses well, we can definitely gain profits in the market.
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