#ETH🔥🔥🔥🔥🔥🔥 Recently, the market trend has been like a short roller coaster ride, rising first and then falling, with the current price hovering around 3661. For ordinary traders, the key is to understand the trend and find the right rhythm.
The short-term market has released a clear bearish signal - the Black Three Soldiers pattern. This K-line combination is like a warning of three consecutive declines, indicating that the downward momentum is still strong, and the price is likely to continue falling. However, 3661 is already very close to the support area (3675-3502), which acts like a cushion; when it falls to that level, it might bounce back, or hover around the area for a while.
At this time, don’t rush to buy the dip. It’s like jumping into a puddle; who knows if it’s a mud pit underneath? The prudent approach is to stand by and watch until the price falls to the strong support level near 3502 or shows signs of a rebound - for example, if it doesn't make a new low and rises slightly for a few days, then consider entering. If it rebounds to the resistance at 3773, it’s possible to try a short position with a stop loss at 3941; if it goes wrong, exit promptly.
Looking more closely at the technical side, after the sharp drop on July 31, the Black Three Soldiers pattern appeared, indicating a continuation of the downward trend, like tripping while running and staggering a few steps without regaining balance. The overall trend is also weak; from 3502 on July 25 to 3941, it looked strong, but just as it reached the peak, it turned back down, now it seems exhausted like climbing a mountain, slowly sliding down.
Remember the support and resistance levels: 3502 and 3675 are two defensive lines that might hold if it drops; 3773 and 3941 are two small peaks that are hard to climb.
Specific buying and selling points need to be accurate. If you want to buy, watch 3675, which is close to the recent low, like grabbing a handrail just before falling, it might hold the rebound. But set a stop loss at 3615; if it breaks below 3616, it’s like the handrail breaking, and you should exit quickly. If you want to sell, look at 3773, which is close to the resistance level, like hitting a ceiling, it might fall down. For a short position, set a stop loss at 3800; if it breaks through this level, it might continue to rise, and you should accept the loss and exit.
In fact, trading is like driving; you have to slow down on slippery roads in rainy weather. The current trend is weak, so don’t rush. Remember, waiting for the opportunity is better than acting blindly; it’s like fishing, patiently waiting for the fish to bite is more effective than randomly casting your rod. Keep a close eye on the market, adjust flexibly, and you can minimize losses and maximize gains. #以太坊十周年