A new week has arrived, the market is not unsuitable to enter as we thought, and Hangqin is not unable to provide support. But the key problem is that we are standing in the wrong position and going in the wrong direction. Once an error is discovered, we should make adjustments immediately. If you are still struggling alone but still unable to achieve the desired results, then why not seek help from Brother Shanhe? He will lead you to appreciate the charm of turning over a position and let you master the method of doing it easily.
At midnight yesterday, our long market callback strategy never got a suitable opportunity to enter the market, while Ether successfully entered the market to go long near 2524. After covering positions near 2480, the average price came to around 2500. This morning, we have also achieved a space gain of 27 points.
The four-hour chart shows that the price retested after reaching a new high, and fell back from breaking through the upper track all the way to near the lower track. After oscillating near the lower track, the price once again sought support below. The current market trend shows a pattern of repeatedly testing highs and falling, and gaining momentum to break lows. Although there are cases of downward testing and rebounding, it has not formed a strong rise, resulting in the recovery of bulls being unsatisfactory. Furthermore, the price has broken below the strong support below and is back in a bearish trend again. Therefore, at the beginning of this week, we recommend maintaining the idea of shorting the rebound.
When the market is in the 43600-43400 range on Monday, we can directly carry out short selling, with the target focusing on 41500. As for Ether, when it is in the 2530-2520 range, it is also a good opportunity to directly empty the alchemy, with the target focusing on 2450.
