5.16 ETH Market Discussion: (Take a close look)

Let's chat first about how to solve everyone's pain points, take profit and stop loss, and what I mean by stabilizing, pullback, breaking point, true breakout, and false breakout. Take Profit: The levels I provide are not going to be perfect, right? So, just like getting on a bus, you need to find a place to get off. If you must choose to place a limit order, about 8 points is quite good.

Stop Loss: For my execution orders, adjusting the stop loss by around 8 points is fine, and for other orders, a 30-point stop loss is sufficient.

In so many days, I have rarely taken you through losses, which I’m quite confident about.

Stabilizing: When the price hovers in this area for a long time and then drops less than 8 points before being pulled back instantly, this is called stabilizing.

Pullback: When the price looks weak, and suddenly a line shoots up with no news, I would call that a pullback.

Breaking Point: Some price levels are crucial; once broken, they can lead to a strong uptrend. So when it broke 2624 before, I replied to directly look at 2680～2700, but now there’s nothing to note about the breaking point; this level must not break, as breaking it would create new momentum.

True Breakout: When the price quickly passes through without retracing and continues to move, this is called a true breakout.

False Breakout: When the price quickly breaks a level and continues within thirty points, retracing repeatedly, and ends up dropping back, this is called a false breakout, and some signs can also be seen on the K-line.

I still call myself Master Jin; the more confident I am, the more accurate my shots are.

For those who have not yet been freed from losses, just see if 2550 can stabilize; the market is currently struggling at 2520, and all vacant positions are observing! #策略交易