Today $ETH might be planning some big moves, pay attention to the direction of the long-short conversion!
Currently, the ETH price is 3424. Yesterday, someone was quite clever, buying at 3300 and selling at 3400, not being greedy or taking risks.
As you can see now, the price hasn't even touched the trend line, where's the basis for shorting? The market seems frozen, completely still.
From the daily K-line perspective, the price has been hovering around the EMA60 line at approximately 3370 for four days, and now it's dropped.
If it falls to the EMA90 line at 3245, that might be a golden buying point. If the price remains stagnant, we might take the opportunity to relax and enjoy the New Year.
Indicators like EMA and MACD are all contracting, and the Bollinger Bands are too; the price is oscillating in the middle, not touching the middle line at 3595 or the lower line at 3110, this trend is a bit hard to grasp.
Looking at the four-hour K-line, the contraction is even more evident, resembling an isosceles triangle, with the upper limit not breaking 3430 and the lower limit not breaking 3300.
Those indicators are also shrinking, and the Bollinger Bands are too, with the long-short distance narrowing. We should focus on the upper limit at 3420 and the lower limit at 3300, watching which way the price moves.
In short-term operations, safety first; stop-loss must be set properly. Making money is not as simple as blowing a breath; careful operation, small losses with large gains are our ultimate goal.
If you want to buy, focus on the range from 3240 to 3200, set the defense line at 3150 to 3100, stop-loss at 50 points, aiming to earn from 3300 to 3350. If it breaks through, we can look at 3400 to 3450.
If you want to sell, focus on the range from 3450 to 3500, set the defense line at 3550, stop-loss also at 50 points, aiming to earn from 3400 to 3350, and if it breaks, we can look at 3300.
Specific operations must depend on real-time data; information may lag, suggestions are for reference only.
Opportunities are about to arrive; in the upcoming layout direction, I will lead everyone to aim at the lucrative opportunities in altcoins, with an expected space of over 10 times being no problem. Like + comment, and I will guide you through the entire bull market!
