Crypto Circle Scholar: Ethereum Achieves Great Victory on 12.13: Entry Point at 3633 Precisely Targets 3918, How to Reposition?
Current price of Ethereum is 3920, it's now 3:25 AM Beijing time. The long position entered at 3633 yesterday was finally cashed out at 3918, and all was cashed out. The upward trend line has not broken, and 285 points have been secured first. It's better to take profits; the reason for not shorting is because we only trade within the realms of our understanding. Everyone can refer to the chart to locate the resistance level of the upward trend line and the entry point at 3633. Keep a record; there will be many more precise entry points shared in the future.
The daily K-line peaked at 3980 and dipped below 3800, trending in one direction for a day. A pullback began before the publication of this article. The content of the actual position has been updated; follow the author. The EMA15 trend rapid line has stretched and broken 3735. The bullish trend remains unchanged, MACD is shrinking and accumulating, the market is still at a high position with a top divergence, and the DIF and DEA have formed a dead cross while the K-line stretches upward. The Bollinger Bands' upward channel continues, with attention on the upper resistance level of 4090 and middle support at 3685. Those who have not entered yet should wait for a pullback before entering; do not trade if the trend is not adjusted; trade after the adjustment.
On the four-hour K-line, it hit the resistance level of the upward trend line at 3950 and began to decline. Pay attention to the first support at 3835 and the second support at 3660 on the EMA trend line. MACD's volume has decreased, and DIF and DEA have formed a polarization. The market oscillates along the consolidation route. The K-line hit the upper Bollinger Band at 3990 before retreating. Focus on the middle support at 3765 and lower support at 3550. Both positions can serve as trial entry points for long positions. Set proper stop losses; if wrong, exit with a stop loss; if right, hold with both hands prepared, and avoid holding onto losing positions.
Short-term reference: Safety first. Remember that the market is never 100% certain, so always set a stop loss. Safety is the priority; minimizing losses while maximizing gains is the goal.
Sell short from 3950 to 4000, defending at 4050, stop loss at 50 points, target looking at 3900 to 3850, breaking below looking at 3800 to 3750.
Buy long from 3750 to 3700, defending at 3650, stop loss at 50 points, target looking at 3800 to 3850, breaking below looking at 3900 to 3950.
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