Crypto Circle Academician: Ethereum's bearish atmosphere looms on December 11! How to find a balance between highs and lows?
Ethereum is currently priced at 3615, it is now 3:35 AM Beijing time, everyone should continue to hold shorts above 3750, as long as the pullback does not break 3640, you can hold. Pay attention to the support at the 3500 level; if it breaks, take half off and continue to hold the rest. Do not think about taking profit at the lowest point, constantly adjust the pullback point, and take profits at the pullback point. It's like last night when Ethereum dived to 3520, with profits taken at 3720. The same logic applies here; the attempt to break 3800 failed, and the pullback broke below the 3730 neckline, so clear all long positions without hesitation.
Looking at the current market situation, the daily K-line's highest is 3780, and the lowest is 3515. The EMA15 trendline support has turned into a resistance at 3695, and the EMA30 support level is at 3485. The MACD has ended its expansion and is beginning to contract downward. The DIF and DEA are forming a death cross at a high position. After the Bollinger Bands have contracted, the K-line has breached the middle line at 3630 twice, and after a pullback, it broke above 3630. Set a stop-loss 10 points above; if it does not break, you can continue to hold. The lower support level is at 3200, and the overall trend is heavily bearish.
The four-hour K-line has reached the key support above 3500, and a rebound has started back to the EMA120 resistance level at 3625. The overall trend of the EMA is beginning to contract downward, forming a net bearish indicator. After the pullback, if the EMA120 forms a clear resistance level, consider positioning yourself for shorts. The MACD is contracting downward, and the DIF and DEA are about to break the energy indicator. The Bollinger Bands are expanding downward, with the fast line surrounding the lower line at 3585. The overall trend is bearish; regardless of whether it is a true vacuum or a trap, execute according to the system as soon as a clear entry signal appears. Manage your profits and losses, and leave the rest to time.
Short-term reference: Safety first. Remember that the market is not 100% certain, so always manage your stop-loss; safety is the priority. Small losses and large profits are the goal. Current position: short at 3765, targeting the previous low and pullback exit point at 3640 for your reference.
On the upside, short from 3650 to 3700, defending at 3750, with a stop loss of 50 points, targeting 3600 to 3550, and if it breaks, look at 3500 and 3450.
On the downside, long from 3400 to 3350, defending at 3300, with a stop loss of 50 points, targeting 3500 to 3550, and if it breaks, look at 3600 to 3650.
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