July 9th Second Order Ethereum Opening Plan
After Ethereum broke the previous high of 2635, it could not hold on the pullback and exited at break-even. Currently, short-term operations do not look good. However, it is also a learning experience. In the future, set reasonable stop-loss points based on market trends.
(I am not a KOL, the following plan is just a personal record of contract operation thoughts and execution process for summarizing experiences. Friends who see this, please think independently 😂)
First, conceive the opening plan for the next order,
1. Personally, my view on the market is that Ethereum's current trend very much aligns with the bearish structure of the Wolfe Wave chart;
2. Observe whether a double top structure forms at 2680, as there is resistance at 2680 on the hourly chart, and if a double top forms, it also constitutes a bearish pattern;
3. If a double top bearish structure forms at 2680, then enter a short position here with a stop loss at 2720-2730; (50x leverage, 20%)
4. If it breaks below 2650, continue to add a position; (50x leverage, 20%)
5. The first take profit level is set at 2625, reduce the position by half. Keep the other half to continue observing whether it successively breaks below 2610, 2600, 2590, etc.
This can be considered a trend order. First, observe whether a double top forms at 2680??? If not, then retreat to the pressure level at 2710 for observation.
