🌹6.19 Market Analysis and Trading Ideas:
🤩 Ethereum Market Review
Yesterday, the support level for Ethereum was precisely predicted at 2480, with a long position range given as 2450-2480. The market touched a low of 2464 triggering long positions, with a maximum rise to 2537 yielding a profit of 70 points. In addition, there were two dips into this range in the early morning and morning, accumulating a total profit of 200 points from three trades.
🔥 Today's Market Analysis
2480 has become a strong support after three tests; if it breaks, we look towards 2380. The upper limit of 2680 serves as trend resistance, with 2630-2600 being the short position range. The daily Bollinger Bands are parallel, with yesterday closing positively strong; after four consecutive bearish hours, it is currently starting to close positively, likely continuing the upward trend.
Current Trading Ideas:
Short Position: Short at 2530-2550, target 2500-2480, stop loss 2580
Long Position: Long at 2450-2480, target 2550-2600, stop loss 2400
Tonight the US stock market is closed, and intraday market movements are continuing to fluctuate, causing some anxiety. When trading, remember to set good take-profit and stop-loss levels. Be patient and wait for the market to establish a trend.
