$ETH
Why did it rise and fall so fast last night!
Here are some knowledge points that new traders must know:↓↓
Do you think that technology is important in trading, or trading logic, or selecting targets?
Take yesterday's Ethereum as an example.
First, it must be the target:
If the target is not chosen correctly, all technical operations are nonsense. (The market will not rise or fall because of your technology.)
Second, it is the trading logic:
Yesterday, Ethereum started because Three Arrows Capital increased its position in Ethereum and sent a tweet.
So at this time, we have to think about whether it has been added or is preparing to increase, and the upgrade benefits of Ethereum are actually far away.
Why think so
You have to know that although Three Arrows Capital has exploded, its increase in Ethereum can boost market confidence to some extent.
But this benefit is short-term. (That is, when the benefit appears, we have to consider whether this benefit will drive the currency to continue to rise, or just rise for a period of time)
It is obviously a period of time.
Then you can check and find that the big orders entering the market are all Heyue
Needless to say, sell them as soon as you get a wave.
Third, at this time, the technology comes, use Fibonacci, previous highs, etc. to see the upper pressure. Before the whales sell collectively, leave.
It's very simple, if you don't leave, others will leave, and you will be trapped.
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