With multiple pressures, can we quickly rebound after a market crash? Focus on short positions for the day!
Two waves of indiscriminate sell-offs triggered by news have left the crypto community in despair. Waking up to a changed market, many faced liquidation. Our long positions from yesterday had all made profits, and after reducing our positions, we set stop-losses to secure our profits. This way, we can safely lock in the gains while leaving the remaining positions to aim for larger profits. Even with the sell-off, it doesn't concern us much; at the end of the month, we will exit at the cost price. Everyone must be flexible in their operations, gradually reducing positions and taking profits in parts. Always respect the market; risk control is paramount!
Ethereum's current price is 2465, undergoing a corrective phase. The daily candlestick shows a large bearish candle, with MACD's bearish momentum increasing and KDJ forming a death cross downward. In the short term, the 4-hour level is supported by the lower boundary and is in a rebound phase. The upper resistance to watch is the midline pressure at 2525, while the hourly chart shows midline resistance at 2490. With dual resistances below, it won't be easy for bulls to push the price up suddenly. The bottom-fishing army is constantly pouring in; focus on shorting based on resistance for the day!
Strategy: Short at rebounds of 2490 and 2525, with targets at 2420 and 2380, and a stop-loss at 2550
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