12.24 Zhang Lihui: The low-long strategy for Ethereum remains unchanged, continue to wait for stabilization and breakout! Where are the entry opportunities for Ethereum today? #比特币市场波动观察
Yesterday, how many crypto friends followed Lihui's layout of long positions between 3270-3240? The third target of 3450 has already been reached in the morning. Although the market fluctuated back and forth several times yesterday and faced some setbacks, those who were patient still held onto my strategy, which has allowed them to gain dozens of points; the market proves that Lihui's strategy is still correct. I also mentioned in my article yesterday that since the support below held, we should patiently wait for it to finish its movement, as there is still a lifeline below! After taking profit on long positions, those who shorted above 3455 according to my article could also capture a space of 80-100 points;
Continuing to look at the Ethereum market, it touched the lower track in the early morning and stabilized again, successfully breaking through EMA120 to reach 3465. Currently, it is correcting at the EMA80 position. We can see that the Bollinger Bands are narrowing upwards, and the recent bottoms have been gradually higher, which reflects the stabilization after the correction. The lower track is also rapidly approaching the 3300 position, so this can serve as today's defensive replenishment and entry point; however, we first need to see if the market declines quickly enough, with the first support to consider being at the intersection of MA60 and MA30; the volume above the 0-axis in MACD is decreasing, and the fast and slow lines are narrowing. Lihui mentioned earlier that typically the first narrowing will fail, so everyone can keep an eye on this. A failure in narrowing means it's time for short positions to take profit and exit;
In the 4-hour chart, the Bollinger Bands are opening. After the morning K-line pierced EMA30, a correction was formed. Currently, the support below considers the mid-band of the Bollinger Bands and the bottom trend line MA380 support range; the pressure above is at the EMA220 position, which is around 3530. This EMA220 to EMA120 range still has significant resistance above, indicating that bulls will need to endure a longer period of oscillation to effectively break through. Those who are trapped above 3650 need to be patient; the volume above the 0-axis in MACD is gradually increasing, the fast and slow lines are opening with a golden cross, and there is still a considerable distance from the zero-axis position, so the market will continue to oscillate upwards;
At 9:32 AM Beijing time on December 24, the editor suggests continuing to take light long positions in the 3330-3300 range; reserve a replenishment at 3250-3220 below; stop loss below 3200; target at 3440-3510-3560; if it breaks above the 3580-3600 range, continue to hold; $ETH