#Binancepizza

Evening Market Overview on May 19: ETH Long and Short Both Profited

Last night, we entered a long position after the trend line broke at 2524.64 and stabilized. We reached TP1: 2585 twice during the night, successfully reducing our position and moving our stop loss, making 61 points.

If you saw my post, Ethereum started to pull back early in the morning and you could have also taken a short position for a profit of 59 points. The back-and-forth between long and short positions amounts to 120 points; isn't that a great profit? You just need to click follow!

Currently, the market is still oscillating within a descending wedge. Based on Ethereum's behavior, I would still sell on the highs, especially with the trend line and support converging at 2464.61. Set a short position with a stop loss at 2514, targeting 2406 and moving the stop loss to 2350; alternatively, you could set a low long position at 2268.89, with a stop loss at 2255, targeting 2406 and the 0.618 position of the high and low at 2464.

Friends passing by, please give a follow and like to show your support, thank you! The above information is for market analysis only and should not be considered a trading strategy; follow me to stay updated with the latest news and point analysis every day, along with the wealth codes you desire. Remember to click follow and like!