Last night, the Ethereum market experienced significant fluctuations, attracting the attention of many traders. From personal trading experience, there was a substantial fall in the night market, followed by a relatively weak rebound. This market behavior may reflect some deeper trends.



First, the significant fall may be to flush out long positions. After this, the market seems to be trying to oscillate to wash out shorts. This erratic trend has left many traders feeling confused and hesitant.

In such a market environment, the choice of trading strategy becomes particularly important. Experienced traders often choose to place orders at key positions to capture short-term fluctuations in the market. For example, placing buy orders after a fall, or sell orders after a rebound. However, this strategy also requires careful observation of market trends and timely adjustments.

It is important to note that in such an unstable market, it is crucial to remain calm and rational. Excessive trading may increase risks, so it is recommended that traders carefully analyze market trends and manage risks before making decisions.

For novice traders, following the opinions of experienced analysts can be helpful. They are usually able to provide valuable market insights and trading advice. However, the final trading decisions should still be based on one's own judgment and risk tolerance.

Overall, the Ethereum market is currently in a complex phase. Traders need to remain vigilant, keep an eye on market fluctuations, and develop suitable trading strategies based on their own situations.
ETH-1.64%
View Original
post-image
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.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
MetaverseVagabondvip
· 12h ago
I'm so broke, brothers.
View OriginalReply0
NewDAOdreamervip
· 10-29 07:54
Who is afraid of this little fluctuation? Just hold on and it's done.
View OriginalReply0
FOMOSapienvip
· 10-29 07:42
Already fully committed to long positions.
View OriginalReply0
GateUser-9f682d4cvip
· 10-29 07:38
Whoever plays will be played for suckers, no one can escape.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)