Crypto Circle Scholar: Effective Short-Term Rebound Space for Ethereum on 11.4, High Position Short Strategy Exposed, How to Seize Opportunities
Current price of Ethereum is 2475, it is now 11:20 AM Beijing time. Yesterday, what needed to be cashed out has been cashed out. The ideas are well known, with clear short positions at 2720 and 2565. Once Ethereum breaks below 2450, those holding high positions can gradually exit. As for how much space can be captured, you can calculate it yourself. The daily K-line's lowest yesterday was 2410, which slightly broke the Bollinger Band support at 2415 that I mentioned yesterday, not giving a chance to go long. Continue to prepare for hunting, after all, opportunities are for those who are prepared. The thought remains unchanged; as long as Ethereum breaks below 2400, long positions hunting will begin. When effective support is encountered, everyone can try to add to long positions.
Looking at the market, yesterday's K-line reached a high of 2496 and a low of 2410. The market has now reached the bottom support. EAM15 has broken below EMA30 and has reached 2530, which can be used as today's resistance level and entry point. The MACD shows a downward trend with decreasing volume, the DIF has broken below the 0 axis, and the DEA is also pushing downwards. The KDJ continues to spread downwards, and the overall bearish momentum continues, with the focus still on high position shorts.
The four-hour chart shows signs of a pullback, with three consecutive bullish candles returning to the EMA15 resistance level near 2480. Pay attention to the second resistance level of EMA30 at 2510. The downward trend of the EMA indicator has not yet ended, so use the pullback to the resistance level as an entry point for shorts. The MACD shows clear bottom divergence and increasing positions. The DIF and DEA golden cross has formed, indicating that the pullback has not ended and will continue to rise further. The Bollinger Band has started to contract, with the upper resistance level at 2538 and the lower support at 2435. The KDJ is spreading upwards, and the thought is to pay attention to the resistance level; after reaching it, one can continue to test short positions. For now, do not consider chasing long positions; wait until breaking below 2400 before considering how to stabilize long positions.
Short-term reference: Safety first. Remember that the market is never 100%, so always have a good stop loss. Safety first, small losses with big gains is the goal.
Shorts at 2530 to 2550 with a stop loss of 30 points, target looking at 2470 to 2430, breaking below looking at 2400 and 2350.
Longs from 2400 to 2430, with a defensive line at 2350 to 2320 for adding more, stop loss of 50 points, target looking at 2470 to 2520, breaking below looking at 2560.
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