All friends in the cryptocurrency circle, please note that Lao Tang just said in the afternoon that ETH bulls were secretly eating orders, and the market change was about to happen. This big positive line came in the evening!
This wave of pins was too fast. At 22:45, the index stretched sharply, hitting Lao Tang's short stop loss, and then rebounded immediately. It was obviously a way to kill the shorts. Lao Tang also said in the afternoon that this wave of bulls is likely to trap people at high positions, and this possibility cannot be ruled out.
However, this wave of bullish trend is indeed formed. Even if the previous order is lost, we know that the bullish trend is formed, so we will start to do long orders next step, but Lao Tang believes that we can't open long orders too closely, and we need it to pull back a little before doing it. The next strategy is:
ETH: open long at 3700-3750, stop loss at 3650, take profit at 3950
(This unit is a light position test order, because it is not ruled out that the upper and lower pins are inserted into the stop loss position of this order)
