The original pressure zone of $ETHFI → has now broken through to become a support zone🔝🔝
纪月jiyue
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$ETHFI Let's take a look at the 4-hour and daily charts. The current price has completed a pullback confirmation after the breakout, and the overall trend remains in a relatively healthy upward structure. At present, the focus should be on the yellow range (around 1.25 - 1.26).
This position was originally a resistance zone, but it has now turned into support. Attempting to go long in this area is reasonable.
After entering, you can use the area marked in the circle below as the stop-loss point, and the target area to focus on above is near the previous high of 1.39. When entering, it is necessary to assess the cost-effectiveness between the current price and potential space to determine whether a reasonable risk-reward ratio is available.
$FIL Price pullback test successfully turned previous resistance area into support Breakthrough → Pullback → Continued rise
纪月jiyue
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The current position of $FIL is relatively awkward. Although the overall upward trend is strong, it is currently approaching the upper pressure zone.
If considering going long, it is recommended to wait for the price to effectively break through the pressure zone, then test and confirm support on a pullback before entering. This type of entry opportunity is more stable.
As for the stop loss, it can be set near the low point of the previous pullback to ensure risk is well controlled.
July Rewriting Operation Total Transactions = 11 📊Open Positions = 2 📈Profitable Trades = 6 📉Loss Trades = 3 Overall strategy is stable, continue to focus on risk control and cost-effectiveness for entry, will continue to observe position trends and adjust strategies in a timely manner to achieve a higher win rate
The current position of $FIL is relatively awkward. Although the overall upward trend is strong, it is currently approaching the upper pressure zone.
If considering going long, it is recommended to wait for the price to effectively break through the pressure zone, then test and confirm support on a pullback before entering. This type of entry opportunity is more stable.
As for the stop loss, it can be set near the low point of the previous pullback to ensure risk is well controlled.
$ETHFI Let's take a look at the 4-hour and daily charts. The current price has completed a pullback confirmation after the breakout, and the overall trend remains in a relatively healthy upward structure. At present, the focus should be on the yellow range (around 1.25 - 1.26).
This position was originally a resistance zone, but it has now turned into support. Attempting to go long in this area is reasonable.
After entering, you can use the area marked in the circle below as the stop-loss point, and the target area to focus on above is near the previous high of 1.39. When entering, it is necessary to assess the cost-effectiveness between the current price and potential space to determine whether a reasonable risk-reward ratio is available.
Next is the much-anticipated Ethereum tsunami!! Can we enter the market? I believe there is still room for growth! First, let's take a look at the chart. Ethereum is making a very nice step-by-step bottoming process, and we can observe that each time it breaks through, it comes back to confirm support, which indicates a very healthy structure!
I personally entered a long position around the Ethereum 3145 area shown in the chart. If you want to go long, the next point of interest could be around the 3160 range $ETH
The greed index has recently reached 71, and the market has begun to enter the FOMO mood
In this picture, you can see from the circled area and the arrow that every time the greed index rises to the red range, the Bitcoin price will pull back. At present, it has not yet reached the red range. I think the market sentiment may rise even higher
Try not to break through and chase highs, as this is "high risk". If you want to operate, focus on buying more after falling back! $BTC