Currently in a volatile downtrend cycle, the daily line has not fully recovered successfully. The first entry point for long positions at 4200 can be considered. Tonight, it is highly likely that we will see a volatile market. The best time to open positions is around 8 AM tomorrow. Analogous to the key position of opening a position at 9 o'clock this morning. Currently, although the daily chart appears to have turned from bearish to bullish. Market sentiment is starting to lean towards opening long positions. The possibility of a significant market movement happening next Monday is high. Currently, it seems to me that it is less than 50%. Because for a big surge around Monday, all long positions near 4200 or even 3900 must be completely broken through.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ethereum trading strategy
Currently in a volatile downtrend cycle, the daily line has not fully recovered successfully.
The first entry point for long positions at 4200 can be considered.
Tonight, it is highly likely that we will see a volatile market.
The best time to open positions is around 8 AM tomorrow.
Analogous to the key position of opening a position at 9 o'clock this morning.
Currently, although the daily chart appears to have turned from bearish to bullish.
Market sentiment is starting to lean towards opening long positions.
The possibility of a significant market movement happening next Monday is high.
Currently, it seems to me that it is less than 50%.
Because for a big surge around Monday, all long positions near 4200 or even 3900 must be completely broken through.