Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to increase the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.24 Ethereum (ETH) Market Analysis Reference

Ethereum is experiencing a corrective rebound, with prices approaching the 4230 line under pressure during the day. The short-term volatility is beginning to weaken, and the daily level should focus on the ema60 line as resistance. If this rebound does not break through and stabilize, there is a risk of a pullback in the daily gains.

Looking at the short-term hourly chart, there is a rebound during the day, but the upward momentum is starting to weaken. However, the Bollinger Bands are opening up, and the price is oscillating between the bulls and bears. The trend is characterized by slow rises and quick falls, with a phase of downward oscillation. Therefore, our day trading strategy should focus on short positions during rebounds, with long positions as a supplement, and follow the trend with short positions if a breakout occurs. The upper resistance is still focused on the 4230-4260 range, while the lower support is at the 4100 line.

9.24 Ethereum Short-term Reference:

Light short at 4230-4280, stop loss 30 points, target below 4190.

Light long at 4081-4031, stop loss 30 points, target above 4150.

There may be a delay in article posting, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to manage take-profit and stop-loss levels properly. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

For more real-time trades, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive opinions, there may be a delay in article posting, risks are self-borne, and it is important to control positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together and cheer each other on. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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