December 19, 2024 08:00-12:00
Hello brothers and sisters, here's a work report:
In the past few days, I've seen many live streams shouting to continue pushing and going long, and there are quite a few who are trapped and holding their positions. While others teach you about being trapped and holding positions, I will teach you how to break free and protect your principal. If there is no overall trading system in the financial market, your trading is just an opportunity to be slaughtered by the market makers.
At noon, I plan to do a live stream discussing the upcoming market trends and how to break free from being trapped.
Overall thinking:
The market and Ethereum's weekly structure have disappeared, but the monthly structure is complete. This round of moderate correction looks at daily support, while deep corrections look at weekly support. The market is entering a mid-structure position, and the market is entering a period of intense volatility.
Altcoins are overall brewing a weekly structure, with the monthly structure complete. If the market fluctuates at high levels or rises this week, it will bring out the overall weekly structure of altcoins, and there will be entry opportunities then; for now, let's continue to wait for spot trading.
Overall operations:
Chasing high spot orders, gradually breaking free at high points.
The published structural orders have seen the weekly structure disappear, and the monthly structure is complete; we still continue to look at the first and second take-profit positions.
The fifth phase of the structural order has been filtered out, waiting for entry signals, and will be launched at the right moment.
New trader reminders⏰
For newcomers or those without a trading system, do not buy new coins, do not chase highs or bottom fish, do not engage in contracts or futures; learn the trading system first before trading.
Overall summary of the market: short-term correction market
The 4-hour price tests daily support, and the structure shows significant selling pressure at 110000; the short-term correction market continues with daily and weekly support still effective.
Market weekly structure: weekly structure disappeared
Market monthly structure: monthly structure complete
Overall summary of Ethereum: short-term correction market
The 4-hour price breaks through daily support, tests weekly support, and the structure shows significant selling pressure at 4000 and 4200; the short-term correction market.
Ethereum weekly structure: weekly structure disappeared
Ethereum monthly structure: monthly structure complete
Overall summary of altcoins: waiting for new structural order entry
Monitoring range: 330 altcoins on Binance
Comparison of yesterday and today’s structure:
Weekly structure: 19/0 Quantity returns to zero
Monthly structure: 227/257 Quantity slightly increased
Weekly monthly structure: 57/0 Quantity returns to zero
Currently, 2400 people are following; I plan to select 10 people to teach the structure of spot trading for free; those interested please refer to the thank-you letter for details.
⚠️ Note! All the orders issued are personal experiences and should not be considered as investment advice; trading carries risks, and entry should be cautious.
