ETH đã hình thành mô hình hai đỉnh gần 3580‼️ Chờ đột phá.#B | the journey of chief trader trên Binance Square

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the journey of chief trader

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ETH đã hình thành mô hình hai đỉnh gần 3580‼️
Chờ đột phá.#BinanceTournament #zkSynk 

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the journey of chief trader

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I think I have analized market movment very clearly yesterday. A few days ago, some people always questioned whether it was right to short at 3500 under the major rising trend. After ETF fell to the zone of a wide-range oscillation at 3430 again yesterday, I told everyone that ETF will rebound slightly along $3430 first. and then fall below the 3430 with a wave of downward trend. Look back at the market again, did ETH rebound to $3470 after touching $3430 yesterday, and then plunged at night with more than 300 points, and fell to near $3150‼ In my previous article, I have mentioned clearly that go short from 3516 to 3556. This wave of decline is close to a pattern door market movement, that is, a bearish engulfing pattern and there is no signal to stop of a decline. The next operation is still to short at the high price after a rebound and we will consider entering the market with long position after another wave of decline.#ETH_ETFs_Trading_Today #ElectionCampaign

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The price of ETH has fallen. The signal I gave you really didn’t disappoint anyone, but this wave of a wide-range oscilliation has lasted for 3 days before falling, and many people were confused by this market. In a word, keeping waiting is the ultimate art of trading. Many people who enter the cryptocurrency circle are always perplexed by many voices here and there, but you don’t know that the only way to make yourself achieve finacial freedom is to ensure that you can take advantage of 60% of the market trend without a huge loss, and you will have enough money to support the rest of your life in 2 years. Some people didn’t hold this short positions, while some made a lot of money from this short. I hope you can understand the transaction. Let’s encourage each other and create promising future together.#ETHETFsApproved #etherreum

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Everyone is concerned about the trend of Ethereum ETF. As mentioned before, the trading volume is sluggish and it is more likley have a round of decline. ETH did experienced a round of decline as expected, but Ethereum has been osciliated within the range from 3400 to 3500 for 7 days, and this decline has not been able to fall below this range. This movment quite makes me confused. At this time, you can observe the trend of BTC to judge the movement of Ethereum. Bitcoin has already fallen below the original osciliation range from 66,000 to 68,000. But it has now touched the support band of 65,200, so it may more likely to experience a slight rebound upwards and go downward. Likewise, ETH is also may go downward to fall below the support level after rebounding from 3430. At present, the more prudent operation is selling short at high price.#ETHETFsApproved #Bitcoin_Coneference_2024

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After hitting $3500, ETH has been oscillating in a wide range between 3350 and 3500. Bitcoin has also been oscillating in a narrow range between 63400 and 65400‼ This market movement should be called the oscillating trend after a surge, so we are more cautious in opening a psoition, and this market is not suitable for frequently opening positions. However, you can go short at high price and go long at low price in this oscillation range from 3358 to 3520. So, just hold the positions if the price is broken through. Since the current wide range of oscillation will remain for a long time, there will be a new downward trend according to technical indicators. The market has not broken through the key support level, so I think that you can take profit for half to prevent from suffering a loss if there is a rising market and the remaining position is used to wait for the market to break through the support level and continue to fall after shorting at a high price.This is a better way to make a stable profit in this market trend.For example, going short near 3460 that I told you yesterday, and then ETH fell to 3360, so we made a profit of 100 points.#ETH_ETF_Approval_23July #CPI_DATA

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