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ETH Order Strategy Sharing (12.9)
Hello everyone, I am Guitar. After a recent round of liquidation due to a spike, I believe the market is likely to be in a consolidation phase going forward. In the face of a consolidation market, the key is to identify support and resistance levels to sell high and buy low. As shown in the figure, based on Fibonacci measurement, the key resistance level above is around 4145, while the support levels below are 3862, and the range of 3786 - 3766.
Therefore, in future operations, the high short strategy can be arranged around 4145, while the low long strategy can be arranged at 3862 and within the 3786 - 3766 range. Remember to maintain good defense!
This is the content of this sharing session, I hope it helps everyone. Thank you for the recognition and attention from all the brothers! $ETH
Hello everyone, I am Guitar. After a recent round of liquidation due to a spike, I believe the market is likely to be in a consolidation phase going forward. In the face of a consolidation market, the key is to identify support and resistance levels to sell high and buy low. As shown in the figure, based on Fibonacci measurement, the key resistance level above is around 4145, while the support levels below are 3862, and the range of 3786 - 3766.
Therefore, in future operations, the high short strategy can be arranged around 4145, while the low long strategy can be arranged at 3862 and within the 3786 - 3766 range. Remember to maintain good defense!
This is the content of this sharing session, I hope it helps everyone. Thank you for the recognition and attention from all the brothers! $ETH
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