Wen Ge... does it still need to drop one more wave... isn't it resisting now

December 22, 2024 08:00-12:00
Hello brothers and sisters, here’s a work report:
If trades always earn little and lose much, orders are always trapped at high positions, entry timing is always missed, market trends are difficult to grasp, contracts always face liquidation, and holding positions is common, and having a trading system but still struggling to make money, why is that? Because of the lack of overall monitoring.

Overall Approach:
The overall market and Ethereum weekly structure have disappeared, and the monthly structure has appeared, which will continue the pullback trend. Prices have all entered the weekly testing range, the overall market is in a mid-structure position, and the market has entered a period of intense fluctuation.

Altcoins are generally brewing a weekly structure, with a complete monthly structure. Next week, if the overall market maintains high-level fluctuations or rises, the appearance of a weekly structure will provide entry opportunities, while spot trading continues to wait.

Overall Operations:
The overall daily structure of altcoins has opened up multiple fluctuation rebounds, chasing high spot orders, and gradually unloading at highs to break even.
The published structural orders show the disappearance of the weekly structure, with the monthly structure appearing, and we still look at the first and second take-profit positions.

The fifth phase of structural orders has been filtered out, waiting for entry signals, and will be launched at the right time.

Beginner Trading Reminder⏰
For beginners or those without a trading system, do not buy new coins, do not chase highs, do not bottom fish, do not trade contracts or futures, do not use borrowed money or credit cards to buy coins, first learn the trading system for free before trading.

Overall Market Summary: Short-term pullback trend
The 4-hour price rebound is blocked by daily resistance, continuing to look for support positions downward. The structure shows that the market has little sell pressure above 105,000 and 110,000, and the weekly support remains effective.
Overall Market Weekly Structure: Weekly structure disappeared
Overall Market Monthly Structure: Monthly structure appeared

Ethereum Overall Summary: Short-term pullback trend
The 4-hour price rebound was blocked and continues to test the weekly line, the structure shows that Ethereum has significant sell pressure at 3,700 and 4,000, with the weekly support effective.
Ethereum Weekly Structure: Weekly structure disappeared
Ethereum Monthly Structure: Monthly structure appeared

Altcoins Overall Summary: Waiting for new structural orders to enter
Monitoring Range: 330 altcoins on Binance
Comparison of structures from yesterday and today:
Weekly Structure: 0/0 Quantity returned to zero
Monthly Structure: 210/180 Quantity decreased
Weekly and Monthly Structure: 0/0 Quantity returned to zero

Currently, 2,400 people are following, and we plan to select 10 people to teach the structure system for spot trading for free. Please refer to the thank you letter for details.

⚠️ Attention! All issued orders are based on personal experience and should not be considered as investment advice. Trading involves risks, and caution is required when entering.