Ethereum Order Strategy Sharing (1.9)

1. Good evening, everyone. I am Chen Changsheng. Since we are still holding our short positions, I won't issue new short orders. You can choose to continue betting on a rebound. Last time I posted about betting on a rebound around 3300-3330. The rebound reached near 3386 before falling back again. The profit from this wave of dozens of points should be taken. We are preparing to close all positions near 3050, which means a 2000% return. Yes, you heard it right, 2000, hahaha. Now back to the main topic. Recently, it has indeed been challenging to trade in a one-sided market, so I suggest everyone trade lightly and maintain good defenses before betting on a rebound. Please note that a rebound and a trend reversal are two different concepts; do not confuse them. Last time Ethereum spiked near 3100, this position is generally unsafe because it was just a spike without the process of oscillation and accumulation. Therefore, this bottom is relatively unstable and carries higher risk. The support level around 3000 is relatively solid, as it showed a significant upward move after a second retest on the 4-hour chart. If this level breaks, we can only bet on a rebound around 2700. The Bollinger Bands are trending downward, and the KDJ indicator rebounded before falling back again, which reflects the strength of the bears. Everyone should avoid bottom-fishing at this position. Of course, I also do not recommend chasing short positions because the position is not very good and could rebound at any time like last night, washing out the bears. Placing orders is relatively safer!

2. Having talked about my personal thoughts, let's discuss the levels. Go long around 3000-3030 with a light defense. No anti-orders allowed. Alright, family, place your orders! Take the profits from short positions and don't miss out on the rebound profits either. I'm off to DJ!