Is the recent ETH market making your scalp tingle? From a high of 4957, it has been crashing down, and is now stuck at 4390, unable to move. Your account is all red, and you can't sleep at night, right? Don't panic; the Captain's team will break down a set of escape secrets in plain language for you!
1. First, see clearly which "pit" you are stuck in.
From the market chart, you can clearly see that after ETH dropped from 4957, it has hovered around the key Fibonacci levels of 38.2% and 50%. Now the price is 4390, just stuck in the middle—unable to break through the resistance at 4500, and not breaking below, with trading volume shrinking to the sound of a mosquito. What does this indicate? The market is on the sidelines, and no one dares to act rashly!
If you were caught in a buying frenzy above 4500:
Don't hold on stubbornly! If it rebounds to the pressure area around 4480-4500, cut your position by half first, don't be greedy! If it can't break through this position, it will continue to fluctuate, keep some bullets to turn the situation around.
If you were caught bottom-fishing around 4400:
Hold steady! Although MACD hasn't crossed positively, it hasn't dropped significantly either. Set a stop-loss below 4380; if it breaks, run immediately; if not, wait for a rebound to around 4500 to do T to reduce costs.
2. Three steps to short-term escape, just follow along!
1. Do T to reduce costs: The current ETH fluctuation is less than 0.2%, don't expect to get rich overnight. Set orders to buy at 4385 and sell above 4395, repeatedly taking the price difference, the most practical way to reduce costs!
2. Switch positions at resistance: As long as there is a rebound to around 4500, don't hesitate! Change part of your stuck positions into USDT, and wait for a pullback to 4350 to buy back, easily pocketing the difference!
3. Hedge for safety: Open a short position for hedging; if it drops, you can recover losses, and if it rises, you won't miss out—this is a commonly used "cautious development method" by the Captain's team.
3. The Captain's team's "ultimate ruthless move"
In fact, clues can be seen from trading volume MA: MA5 is 119,000, MA10 is 169,000, indicating that big funds haven't run away yet! There is a high probability of a market change in early September—either a volume breakout above 4500 to start a rebound or a drop below 4350 to continue probing the bottom.
But which day will the market change? In which direction will it change? How to position? The Captain's team reminds you in real-time every day in the village; if you are not clear about the specific timing, you can follow @船长趋势
