Trading in the cryptocurrency circle is a long-term plan, not a matter of a day or two, so one should not be too anxious. Even if there are losses in the short term, there is nothing to fear. As long as the subsequent direction is chosen correctly, what is lost will eventually return. However, it is essential to grasp the timing of trading and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, and timely self-summary of gains and losses is necessary to deepen risk awareness and proper mindset planning. Only then can risks be avoided reasonably and become a qualified investor.
12.5 Cryptocurrency Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference
Ethereum has made a strong rebound after a pullback today, with the current price continuously rising and breaking through multiple resistances. Bullish sentiment is gradually warming up, currently approaching a high near 3892. As of now, Ethereum has risen nearly 200 points, and the subsequent market is expected to return to the area above 4000.
On the short-term 4-hour chart, the trend shows eight consecutive bullish candles, with strong bullish sentiment. The market continues to move upwards, having broken through the upper resistance. It is highly likely that the price will further rise, so it is recommended to trade in the direction of the trend. The key resistance above is at the 4000 line; if broken, the market may further explore upward. If not broken, the market will face pressure and may pull back, marking the end of this upward rhythm. All subsequent operations should not blindly chase after rises if there are no breakouts. Pullbacks are the main focus.
24.5 Ethereum Short-term Reference:
Short position: Sell at 3950-3910, defend at 4050, stop loss: 4080, target below 3850.
Focus on long positions in the 3680-3730 range, stop loss 50 points, target above 3720.
There may be delays in sending, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, profit-taking and stop-loss must be well managed to ensure security.
For more real-time trades daily, you can follow my public account to gain access, where you can learn about technical analysis, strategies for exiting positions, etc. I have studied the market for many years, researching major trends in the cryptocurrency circle, and have studied in the U.S. multiple times focusing on analysis and guidance for BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, etc. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.
This article is exclusively created and shared by Mr. Coin from the Cryptocurrency Circle, representing only Mr. Coin's unique perspective. There may be delays in article delivery, and risks are to be borne by the readers. It's important to manage positions reasonably, and avoid heavy or full positions. Mr. Coin wishes that all fans can achieve financial freedom, move forward together, and keep pushing. In the depths of time, hold on to a piece of understanding. It’s essential to learn to be optimistic in investing. Don’t let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken literally. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to launch at any moment. Let's go!
——This article is written by Mr. Coin from the Cryptocurrency Circle, refusing plagiarism and respecting originality!
