12.31 Ethereum Trend Analysis

Yesterday, whether it was the square or the team, everyone was following along to earn from the drop in Ethereum. However, no one was advised to buy in again to open long positions, which those who could follow along could understand. What we do is short-term trading, not the type that requires results within the day, so after making money, being able to take profits and preserve wealth is wisdom, not like those who double down when they lose and want to greedily gain more when they profit.

Tomorrow marks the start of a new year, and the exchanges on Wall Street can basically be said to be fully operational again. It can be seen that Ethereum is currently in a range-bound fluctuation, with clear support and resistance levels. I will also help everyone pull up last year's and the year before's K-line charts for reference.

From a player's perspective, we need to speculate whether this New Year’s Eve can break through this bottleneck, thus soaring high. The support is around 3300, while the resistance does not exceed 3450. If you know to place your stop loss below the support after entering the trade, isn't it simple to complete a trade above the resistance? Also, note that the Bollinger Bands have reached the middle band, and just touched the upper band before being knocked down; could this indicate the direction? You might be thinking, after listening to you for so long, where are the entry points? Let me tell you, yesterday's short position strategy still holds, and the stop loss is also in the usual place. Whether we can catch multiple fish depends mainly on whether everyone reads the posts in a timely manner, and whether they can learn to be flexible. I also hope that family members who have been following along with Wu Xian can welcome the New Year amidst the sounds of fireworks, with a beginning and an end, smoothly sailing ahead.