Yesterday, I received Ether from 2772, reaching a maximum of 2956, nearly a 200-point space. In the afternoon, someone asked how to operate now, can we continue to chase?
To answer first, I think it is possible.
First, looking at the 4H MACD indicator for Ether, the volume has completed and is about to go into a bearish takeover. It just released some strength, and the possibility of being taken over by bulls is not high. At the same time, the 1H indicator is also showing a small bearish momentum quietly building up. However, Ether's rebound, considering the big market, is around seventy thousand. Correspondingly, Ether should at least be around three thousand two, and now everyone feels like entering altcoin season. If the big coin remains around seventy-five or seventy-six thousand, there will likely not be too much capital flowing into the big coin; basically, it is all flowing into altcoins. As long as there isn't a substantial pullback, this kind of trend is also unhealthy.
Moreover, it has risen about five hundred points in the last two days, from 2400 to 2900. If it reaches around 3200, it will take at least two to three more days. Therefore, for those who didn't catch the layout yesterday, we can consider buying a long position at 2850-2890. If you have already taken profits and only have the base position left, adjust your position to 70% of the original entry size according to your position, to see if you can get on board or make up for it. Set a stop loss of 50 points, especially in Ether's crazy market. 🚫 Avoid holding positions, sell when reaching the target, and don't affect the subsequent trading sentiment.
