$ETH Following the rhythm of Lao Tang ETH yesterday, you got some meat, right? This wave is perfect. From Figure 1, you can see that the index of this wave of decline is basically full.
I also said yesterday that doing this order is actually to judge the formation of the trend in the later period, so let's review it again. From the 3980 on the 27th to the 3775 last night, we can see that the downward trend is basically formed. However, one problem we cannot ignore is the positive issue of the ETF bill of ETH, which has been very popular recently. This is also the reason why ETH has been stuck at a high level recently. From the perspective of trading rules, everyone knows that the good news is bad news. Why do you say that? Everyone knows that if you do too much, the dealer will not be able to carry the sedan chair for you, so at this stage, there will be continuous long and short double kills to harvest retail investors. The only basis for opening orders now is the short-term trend, just like this wave of short trend. The band we make must be very short to make meat. Once most people follow the order, it is also the time for the main force to harvest. Our next strategy is
ETH: open short at 3865-3936, stop loss at 3958, take profit at 3760
(For short-term swing trading, you need to do a good job of stop profit and stop loss. The above is my personal opinion. If you think it is wrong, please correct me in the comment area)
