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 improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
10.22 Ethereum (ETH) Market Analysis Reference
The intraday trend is linked to the overall market, with the evening market showing a rise followed by a pullback, with prices climbing to around 4110 under pressure. Currently, it has touched a low of 3960 and is showing a rebound, with the screenshot showing the high price running around 4020.
From a short-term hourly perspective, the Bollinger Bands are narrowing, and the current market is in slight consolidation. The upward momentum has weakened, and the trend is running near the upper middle band. If it cannot stabilize above the 4000 level, there is a possibility of a price pullback. It is not recommended for cryptocurrency friends to blindly chase long positions. From the daily chart, the key focus is on the Bollinger middle axis resistance around 4150. Overall, as long as it does not break through the 4150 level, Ethereum will mainly oscillate in a weak range. Therefore, the suggested strategy is to focus on shorting at high prices and going long at low prices, with resistance above at 4150 and support below at 3830.
10.22 Ethereum Short-term Reference:
Short at 4050-4110 with a stop loss of 30 points, targeting below 4000.
Long at 3811-3861 with a stop loss of 30 points, targeting above 3910.
There may be delays in sending articles, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high the confidence in market judgment is, 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 people each day can receive free exit strategy advice.
For more real-time trades daily, 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 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 sending articles, 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 to keep pushing. 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 to plagiarize and respecting originality!
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