Tuesday Market Analysis

Don't catch the bottom, don't catch the bottom

The market is so weak, catching the bottom is just a trap

On the daily chart, the running channel continues to extend downwards, with prices maintaining a weak consolidation. In the upper mid-channel area, after the plunge, there was no effective rebound. The short-selling volume continues to shrink, and the moving averages have not shown significant upward movement, which is quite reliable. The four-hour chart shows that prices are continuously moving lower within a narrow downward channel, with weak rebound strength and no significant recovery formed. The volume performance indicates insufficient bullish strength, and the overall moving average system shows a downward trend. In the short term, the market is still dominated by bears.

The Ether short position shared yesterday didn't set a stop-loss and made a lot of profit; the direction was right

But the stop-loss point wasn't set correctly

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