Morning market:
First drop then rise, charging forward all the way: The concubine (Ethereum) was really exciting this morning! First, it crouched down to a 'horse stance', dropping to around 4203. But then it just surged like it was on adrenaline, charging directly to about 4350. That surge was quite fierce, right?
Rest and then exert force: It wasn't a sprint all the way up; we rested a bit around 4282, muddling through for a while. But after resting, we had even more strength, then continued to push up, eventually reaching the high of 4350.
Experts reap the rewards: Our tough guy in the circle, Old Chen, seized this wave from the low point (around 4280) to the high point (around 4350), steadily earning a profit of 70 points! This is the power of timing.
Old Zhu's viewpoint:
The trend is like parents: Look at the daily chart; those key short-term moving averages (like the 'lifeline' of the coin price) are all pointing up, clearly telling us: This is a bullish market now, and the upward trend is the main theme!
Core principles cannot be forgotten: In this clear upward market, 'not shorting' is the iron rule! I've seen too many who didn't believe in evil, insisting on shorting at the top, and as a result, they were crushed by the wheels of the trend. Operating against the trend is a life-or-death matter; we won't do that foolish thing! Just like this morning, if you thought 'it's at the top' and shorted around 4350, you'd probably be slapping your thigh now.
Old Chen's case is a textbook example: Why was Old Chen able to earn 100 points? The core is two points: first, he clearly saw the upward trend (moving averages pointing up), and second, he decisively took action to go long at the pullback support level (consolidation near 4282). This is the classic operation of following the trend and seizing the pullback opportunity.
Concubine operation:
Where to buy? Focus on the price range of 4280 - 4265. If the price pulls back and stabilizes here (doesn't drop further and has support), go long (buy) boldly! This is your opportunity to get on board.
How high to look? First target: 4350 (the high point this morning, high probability of breaking through). Second target: an even more ambitious 4400! This trend has potential.
Where's the bottom line? Must set a stop-loss around 4260! In case it breaks below here, it indicates that the short-term momentum might be off; it's crucial to get out to save yourself, don’t hold on stubbornly.
Brothers, this wave of the bullish 'high-speed train' hasn't arrived yet! Are you ready to decisively get on board at this 'gas station' of 4280-4265, and rush towards 4350 or even 4400 together? Or are you hesitating, waiting to regret not keeping up after the train leaves? Share your plans in the comments! Follow Old Zhu, let’s seize the trend tightly, avoiding the tail and focusing on the meat!
