The cryptocurrency trading circle 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 improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while operating, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
Mr. Coin's Cryptocurrency Circle: October 3 Ethereum (ETH) Market Analysis Reference;
Ethereum has also rebounded and broken through the 4500 resistance area. Although the short-term bullish sentiment is strong, it is not recommended for cryptocurrency friends to blindly chase after the rise before it breaks again, as there is a risk of price retreating again.
On the 4-hour level, there have been consecutive bullish candles breaking the previous high of 4437, reaching a maximum of 4516 before retracing, forming a short-term top structure. On the 1-hour level, a consolidation box has formed in the 4460-4497 range, with a double top pattern appearing near 4497. On the daily level, there have been three consecutive bullish closes, breaking the previous high of 4355 and forming an upward N-shaped structure. MACD: On the 4-hour level, the DIF (92.2) crosses above the DEA (70.3), but the histogram has started to shrink; on the daily level, after the golden cross, the volume continues to increase. EMA: The price is stable above EMA7 (4411)/30 (4252)/120 (4264). The strategy is to go short at high prices and long at low prices in the short term. The upper resistance to watch is around 4530, and the lower support is near 4380.
October 3 Short-term Reference for Ethereum:
For long positions, test the range of 4535-4585, with a stop loss at 4780; stop loss: 30 points, target below 4450.
For short positions, test the range of 4320-4370, with a stop loss at 4200; target above 4420.
There may be delays in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high the confidence in market judgment is, it is essential to manage take-profit and stop-loss effectively. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Cryptocurrency Circle) to get the addition method: the first ten each day can receive free exit strategies.
For more real-time trades daily, you can follow my public account to access online market technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied in the U.S. multiple times, mainly analyzing and guiding 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.
This article is exclusively shared by Mr. Coin in the Cryptocurrency Circle and represents his unique viewpoint. There may be delays in sending the article, and risks are to be borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. 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, sharpen your skills, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin in the Cryptocurrency Circle, refusing plagiarism and respecting originality!
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