After the SEC delayed the ETF, $ETH must do three things: Stop-loss at 2300! Bottom fishing at 2320! Lock in profits at 2600!
In the crypto world, K-lines are the lights; chasing highs and stepping on air leads to much blood and tears, while buying low and adding positions steadily turns the tables!
Latest update on the ETH four-hour chart: Current price 2490.12 USDT, seemingly prosperous but hiding crises. Technical and news aspects are at odds; the Federal Reserve's dovish stance is good for inflation, but the SEC has delayed the ETH ETF approval, with both the Bollinger Bands and MACD showing yellow lights!
Trend: The upward momentum is weak, a pullback is imminent!
Current price is tightly hugging the upper Bollinger Band, like jumping under a ceiling, the risk of falling is extremely high! MACD further confirms the downturn: DIF has crossed below DEA, with a bar value of -18.44, definitely an uptrend.
Insufficient acceleration signal! Focus on three key positions:
Support zone 2320-2350 - Bottom fishing base
Resistance line 2600-2680
Life-and-death line 2450
Brother Sheng's straightforward strategy: Pullback > chasing highs! High probability of oscillation in the range of 2380-2550 in the next two days. A true story: last week a fan got stuck chasing high at 2550, I advised them to add positions at 2350. After ETH pulled back to 2345, it soared to 2580, not only getting out of the position but also making a 5% profit!
Four-step method to break even - cost, timing, and risk control are all essential!
1. Cost positioning
Stuck at a high - wait for a rebound to reduce positions; stuck at a low - great advantage to add positions.
2. Golden position for adding positions
A double-bottom or strong bullish line appears in the 2320-2350 range, decisively add a small position to average up.
3. High sell to lock in profits
Reduce half of the positions in the resistance zone of 2580-2635, leaving half to bet on the continuation of the trend.
4. Ironclad risk control
Stop-loss: Must cut if it breaks 2300.
Correlation: If BTC loses $60k, ETH will definitely follow down.
News: Tonight the US CPI data will be released, volatility may soar by 60%.
ETH's long bull trend has not changed, but short-term K-lines are a mirror - positions without stop-loss are just gifts to the big players!
Don't mess around yourself! Follow Brother Sheng closely, hit the follow button! I'll guide you to dig out the next batch of tenfold coins! A limited insider release.
