The ETH market is more intense than expected. Yesterday, the increase was close to $200. Before the CPI was announced, the market trend was slightly sluggish. I also thought of buying long orders at a low point, but I didn’t expect that I still didn’t get it by more than ten dollars. However, the Sui and sats we marked yesterday have doubled profits. Even the several currencies we had laid out before the meme trend came also had a good increase.
At present, ETH has broken through the upper trend line of the channel. At present, it has received resistance at the position of the MA120 daily moving average and has a small level of callback trend. From the MACD indicator, there is a trend of dead cross formation.
At this position, it is not very good for both long and short positions. The profit and loss ratio of entering the market is not very cost-effective. You can try to enter the short position near 3030-3020. The stop loss is set a little smaller and the stop loss can be broken through 3045. The entry point of the long position refers to 2939-2930. There is a good profit and loss ratio for these two positions.
Here is a reminder that if you place an order, try to place a stop loss at the same time. I haven't entered the market today. I will post it here first when I enter later. Just pay attention to it. #GameStop带动Meme板块
