Crypto Academy: The Wails of the 'Deeply Stuck' Ethereum Holders at 11.5! Old Fans Head South, New Fans Head North - How to Resolve Being Stuck? Latest Market Analysis and Short-term Strategy Reference
Ethereum's current price is 3333, and it is 2:30 AM Beijing time. These days, besides familiar old fans like me heading south, new fans are all seeking ways to get unstuck while being stuck heading north, and they are unwilling to cut losses? No one in this market has ever lost everything by cutting losses, but 99.5% of those who do not cut losses will go decentralized. My mantra is that the essence of trading is survival, and only then comes profit. In trading, cutting losses is the most basic strategy.
Before the release of this article, the daily candlestick had a high of 3653 and the low has not yet finished. It is still probing the bottom and has currently reached 3320. The next focus is on the support at the Fibonacci retracement line of 0.5 at 3170. The EMA trend indicator is spreading downwards, MACD is decreasing in volume, and DIF and DEA have formed a double death cross below the 0 axis. The lower Bollinger Band has lost support at 3535, and the candlestick has broken through the Bollinger channel, entering an extreme oversold area.
The four-hour candlestick has lost support at 3370 and is currently impacting the support level of the integer 3300. MACD is decreasing in volume and heading downwards, the Bollinger Band is opening downwards, and the lower band has reached 3380. The overall trend is forming a significant bearish one-sided market, which is already very clear. Therefore, friends holding high positions heading south should continue to look down, and those who have not entered the market should not act rashly. Regardless of what you do now, the risk outweighs the profit. What needs to be done is to protect the chips in hand and survive. I hope that after this wave ends, everyone is still here.
Short-term Reference:
Southbound trial entry point 3400 to 3450, defense at 3500, stop loss at 50 points, target looking at 3350 to 3300, breaking point looking at 3250 to 3200.
Northbound trial entry point 3200 to 3150, defense at 3100, stop loss at 50 points, target looking at 3250 to 3300, breaking point looking at 3350 to 3400.
For more detailed information, you can consult the author. There may be delays in article publication; it is recommended for reference only, with risks to be borne by the reader.
