7.4 Ethereum operation suggestions on Thursday night
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Ether closed with a small negative line yesterday, and the K-line pattern fell continuously. The price was below the moving average. The attached indicator doubled down and ran in large volume, which further confirmed the decline of the general trend. This reminds us that we need to follow the general trend when formulating trading strategies, and pay attention to the strength and continuation of the market. On the short-term hourly chart, after the morning decline and breaking the low, there was a correction and a small rebound at noon, but the strength was not obvious, and it was still regarded as a correction. If the downward trend continues, the rebound strength will not be large, otherwise it may be difficult to continue to fall.
Based on this trend pattern, for the ETH short-term contract trading strategy, it is recommended to go short directly near 3180, with the target looking at the 3120-3105 area. During the operation, it is also necessary to pay close attention to market dynamics and news changes to deal with possible price rebound risks.
In general, the current market short-selling forces dominate, and the price decline trend is obvious. When formulating trading strategies, we should follow the general trend, pay attention to the strength and continuity of the market, and pay close attention to news changes to deal with possible risks. At the same time, stay calm and rational, and don't be disturbed by short-term market fluctuations, so as to achieve better results in trading. Same name contraction Public account: Li Hong Trend, I will continue to work hard to provide you with more accurate and valuable technical analysis and operation suggestions.
