Brothers, yesterday we were spot on with the rhythm! With two trades, whether you wanted to go long or short, you were both 'double-killed' by the market, giving a profit range of over 300 points combined. Isn't this market generous?
This afternoon (that is, later in the day), looking at this momentum, it is highly likely to continue the upward surge. Key position to watch: the range from 4260 to 4240. As long as the price pulls back to this area, don't hesitate, directly go long!
Where to set the target?
First Stop: 4325 - 4375. Let's take this area first!
Here comes the key: If the market is strong enough to break through and hold above 4375, then it won't be just a minor skirmish, the new high is within reach!
Opening up the situation: If the momentum is truly strong, reaching 4400 isn't impossible! Dreams should always be there; what if they come true?
Old Zhu's Viewpoint: Blood and Tears Case:
I know when everyone sees '4500', they might think I'm just making big promises. But I'm not just shouting nonsense. Why do I dare to look this high? The core logic is the power of the trend and the confirmation of breaking key levels. Do you remember last month? It was a similar situation, hovering around 4000 points, and many thought it was the top and started shorting. As a result, a strong breakout led to a direct rise to 4200+, and those who didn't set stop losses were nearly wiped out! This is the cost of going against the trend and ignoring stop losses. I've seen too many people who had the right direction, but because they couldn't bear to set a few points of stop loss, they ended up suffering heavy losses from a big reversal, and any good opportunity became irrelevant to them. Remember: Stop loss is not admitting defeat; it’s buying insurance for your account!
Old Zhu's Serious Reminder:
For those following the trades, please! Please! Please! remember to set stop losses! Set your levels based on your position and risk tolerance. Protecting your principal is always the priority; opportunities to make money are common, don't let this one trade hurt your 'foundation'! As long as the green hills remain, one need not worry about firewood! I am Old Zhu from the cryptocurrency circle, responsible for analysis, you are responsible for execution + risk control!
Tonight at 8 PM, the US CPI data will be announced. I, Old Zhu, will be in the community, watching the market together. Let’s see if this wave of bullishness can sound the charge! Will we feast or just have a taste? How to grasp the key positions? I will teach you step by step to analyze the market signals! Don't want to miss the next 300 points? Click to follow and check the personal profile to join the group! #ETH