Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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 profits 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.

10.11 Ethereum (ETH) Market Analysis Reference

Ethereum fell nearly 450 points yesterday, touching a low of 3950. The previous gains have all been retraced, and the current price is rebounding around 4020, with the trend in a phase of repair and consolidation. The main focus is on the support at the 3810 line. If there is a pullback that breaks below this level during the day, it is expected that the pullback will continue.

From the short-term hourly chart, the trend is in the lower range, with the short-term market maintaining a weak oscillation, slowly moving downwards. If the short-term support is broken, the trend is expected to continue downward. Mr. Coin advises all cryptocurrency friends to prepare in advance. Due to the strong decline during the day, the short-term price volatility is significant, so everyone must pay attention to risk control when trading. The current strategy is to focus on short positions during rebounds, with long positions as a supplement, and to follow the trend with short positions if the price breaks. The upper resistance is at the 4160 line, and the lower support is at 3810. If it breaks below the 3950 line, consider going short, with a take profit target of 30-40 points.

10.11 Short-term Reference for Ethereum:

Test the 4160-4220 range for light shorts, with a stop loss of 30 points and a target below 4080.

Test the 3881-3931 range for longs, with a stop loss of 30 points and a target above 4000.

There may be delays 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, stop-loss and take-profit measures must be in place. 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) for ways to add: the first ten each day can receive free exit strategies.

For more real-time trades, you can follow my public account for 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 not familiar with trading, you are welcome to study and learn together.

Exclusive views, there may be delays in article posting, risks are self-borne, and positions should be controlled reasonably. Do not operate with 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. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, no plagiarism, respect originality!

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