Coin Circle Academician: Analysis and Review of the Latest Market Trends of EOS on March 13, 2024
The Coin Circle Academician has been investing in the coin circle for over a decade. In your eyes, it's all about the profits from hundredfold leverage, while I consider the risks of the abyss. Your mindset determines your way out, and how you view the market trends determines whether you will take risks for profit, while I would let go of a deal for the sake of avoiding risks. The Coin Circle Academician team has carefully formulated a complete set of profit and breakeven plans for you to participate in, thinking for you and ensuring the protection of every penny of your profit. Finally, I would like to remind everyone: Strength is not for show, but it is bound to gain more recognition. It's more important to do well for yourself than to seek validation from others. Whether it's a mule or a horse, take it out for a walk and you'll know. In my position, I have always been tirelessly advising, hoping that you can take fewer detours and make fewer mistakes in this market. Even though I advise earnestly, the path of investment still needs to be walked by yourself. Learning is endless, and only when you gain experience does it become your wealth!
The Coin Circle Academician wishes fans to achieve financial freedom in 2024. Keep it up!
Yesterday, I mentioned several characteristics and advantages of EOS for everyone, and provided very clear points. In yesterday's market article, I warned that if the support at 1.17 below could not be held, the key focus would be on the 1.10 position. If it doesn't break, you can start to layout. This short-term trend has reached around 1.17, perfectly grasping the trend. Now let's look at the current market situation. First, let's look at the trend. Currently, the daily K-line opened low and rose high. Yesterday's K-line retraced to the support at 1.10, just standing above the EMA15 indicator. Now the market is turning back, and the support below is getting too high. The short trend is still quite obvious, so be cautious about being trapped in long positions. The MACD is declining with volume, the KDJ is spreading downwards, and the Bollinger Bands are starting to contract. The overall trend is inclined towards a sideways and downward movement.
The 4-hour K-line is even more obvious. The MACD is expected to start challenging the 0 axis, and the overall trend of EMA is weak. The K-line has entered the moving average indicator, and the support points at 1.10 and 1.05 below should not be greedily pursued. Set good stop-loss and take-profit points. The top pressure point of the Bollinger Bands is starting to retract. The strategy suggests that it is mainly for low long positions and secondary for high short positions.
Recommendations:
If the upper range of 1.24-1.26 is not broken, lightly hold long positions in the range of 1.10-1.05 below. Set good stop-loss and take-profit points. Strictly avoid heavy positions. The recommendations are for reference only, and the risk is self-borne.
This article is exclusively provided by the Coin Circle Academician and represents the Academician's exclusive viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of article publication, the above viewpoints and suggestions are not real-time and are for reference only. The risk is self-borne. Please indicate the source when reposting. Control your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you make a mistake, you should reflect on your own problems and not let the profits that should have been in your hands slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. It's not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the blink of an eye. Develop the habit of strictly setting stop-loss and take-profit points for every deal. The Coin Circle Academician wishes you a pleasant investment journey!
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