$ETH Evening Thoughts:
Looking at the secondary market, it seems to be eager to make a move upwards, but without the primary market moving, it’s hard for the secondary market to shine on its own.
Who told you to be the younger brother and not the older brother? In whatever you do, you have to consider the older brother's intentions.
The secondary market has the energy to rise, but you have to hold back; only when the primary market issues orders can you make a move.
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Talking through the chart: The resistance level drawn in the chart, if not broken, will continue to suppress the rise of the secondary market. Only when this resistance level is broken can the secondary market move upwards; breaking and retesting will continue to push higher, but if it can’t break, the secondary market will just hover around this resistance level!
The secondary market should break 2538 with volume to go long on the right side, and break 2525 with volume to go short on the right side. Pay attention to the changes in volume and set your stop loss properly.
On the hourly level for the secondary market, if it stabilizes above 2546, look for target positions above 2585-2615. If it breaks 2585, the secondary market will improve.
On the 4-hour level, if it breaks below 2505, look down to 2461-2435. If the secondary market breaks below 2505 again and can’t recover, it’s a total loss.
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Continuing to look at the chart: The hourly level for the secondary market has a 1:1 rise target position at 2551. Those with long positions at the bottom can reduce their positions here.
Keep part of your position to speculate on higher levels, remember to always prepare for the worst. If the secondary market can’t rise, you won’t feel good about losing your profits, right? As long as the secondary market can stabilize above 2551, it will challenge the 38.2 position and the 1.618 position.
These two positions are also where you can reduce your long positions at the bottom. Don’t be too greedy; just earn what you should earn.
If you break down the word ‘greed’, it separates into today's ‘today’ and the shell's ‘shell’. Do you understand what that means? It means: if you are greedy, you will have bad luck today. How did I explain it?
Also, one more thing: the US stock market is not open tonight. If the US stock market is not open, there won't be any volatility tonight. Take a good look at this word ‘greed’; how many people have been crushed by this word and yet you still dare to be greedy? Meeting adjourned.
