Trader Chen Shu: 5.14 noon Ethereum ETH analysis strategy *1, after the rebound, it fell again, the trend is still short, with a solution for long orders above 3000
From the line chart, Ethereum has shown a downward trend from the top at present, and it has obviously fallen below the 5-day and 10-day moving averages. The key support point below is the MA30-day moving average (2710), and according to the current weak shock trend, it is likely to pull back to the 2710 line. The daily line has always been suppressed by the MA10-day moving average (2980), and the short-term pullback pressure is this line; in the short-term 1-hour level, the current market has stood on the 1-hour MA120-day moving average in the short term after yesterday's rebound, but the rapid decline this afternoon has caused the currency price to fall back to where it was, and the overall trend is still bearish.
For those who are stuck with long orders above $3,000, it is recommended to focus on the pressure points of 2,950 and 2,980. These two positions are the points for unwinding orders. Judging from the current trend, the probability of the currency price rising back above $3,000 is not very high. It is recommended that those who are stuck with more than 3,000 orders can choose to add long orders near 2,900, and wait for the market to rise to 2,950 and 2,980. After that, shorting is a more stable solution. The market changes rapidly, and the specific solution ideas are subject to the real-time market trend.
Lunch operation suggestions:
1*2920 first directly short once, rebound 2950 to increase short position, target 2800, break hold to look at 2670 line
2* Long orders are not considered for the time being. If the two positions of 2800 and 2670 are held, you can rely on these two positions to do a light long position once
Analysis is not easy, I hope everyone will click a free follow, like and comment, thank you
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