Warren Buffett: "If you are on the wrong road, running doesn't help." Li Hui advises that no matter how confident you are in the market, you should not over-leverage in futures trading. Risk control must be considered before profits. The decision to enter the long or short position should be based on whether there is a breakthrough in support/resistance. Avoid frequent trading, manage your positions and desires, spend more time observing and waiting for opportunities, reduce the cost of trial and error, and increase self-discipline and confidence. Let everything be carefully planned, don't fight unprepared battles, and don't play cards that you can't take back. Maintain good trading habits, guard against arrogance and impatience, and steadily make progress in order to achieve long-term profits in the industry. Li Hui will continue to uphold professional knowledge, meticulous analysis, unique position-building techniques, and a calm spirit to assist every coin trader in successfully gaining valuable wealth, continuously realizing their own value in the coin circle! Wishing everyone financial freedom in 2024! Keep it up!
September 12th, Li Hui: Ethereum evening market analysis and operational suggestions:
In the 1-hour chart, the Bollinger Bands channel is currently trending downwards, with the DIF and DEA crossing downwards, and there continues to be volume below the zero axis. However, the KDJ three lines are intentionally turning upwards in the overbought zone. It is advisable to continue monitoring its changes.
In the 4-hour chart, the Bollinger Bands are contracting, and the current market will be further compressed. The current candlestick is returning to the EMA30 and the middle track. The DIF and DEA are forming a contraction, and it is worth considering whether a death cross will form before considering entering a long position. Li Hui believes that it will turn the situation around once again.
On the daily chart, the lower band is rising, so the retracement low point will also be raised. The candlestick is being resisted in the EMA15-EMA10 range, but the low-level golden cross of the DIF and DEA has already formed. Although the gap is not very wide, compared to the complete trend change last week, it is worth paying attention to the change in short-term indicators. There continues to be volume above the zero axis, and the KDJ three lines continue to open up and spread upwards, indicating that there is still room above.
Based on the above, Li Hui suggests focusing on long positions during retracements!
It is recommended to go long in the 2320-2290 retracement range; stop loss at 2250; targets at 2370-2410-2450;
Article reviews may be delayed, and the market is constantly changing. Specific entry opportunities need to be combined with actual trading operations. Real-time notifications should be followed, and the suggested entry points in the article are for reference only. When entering, please set up stop-loss and take-profit, and take profits when the opportunity arises!
I, Li Hui, interpret world economic news, analyze global trends in the coin circle, and have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying in the United States. For those who are not familiar with operations, you are welcome to comment and leave a message!
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This article is exclusively published by (WeChat Official Account: Zhang Li Hui) and does not represent any official position. The publication and review of the article have a time delay. The above points are for reference only, and the risk is at your own discretion! May we always carry humility and courage in this complex coin circle, fear no challenges, and dare to explore. Just as the road is long, "the road ahead is long and far-reaching, I will seek and explore." May we read thousands of books, keep pace with the times, and draw wisdom. Travel thousands of miles, experience storms, witness scenery, and comprehend life. With Li Hui's guidance, may we heed advice, play to our strengths, and create value together. May we always remember the baptism of the market, not forget our original intentions, and thus achieve continuity. In the wave of digital currency, holding onto faith with Li Hui, forging ahead with determination. May we jointly compose the future in each other's hands, share the joy of success, and not disappoint the prime of life. Let us gather in the turbulent world of digital currency, create brilliance together, and Li Hui is willing to embark on this challenging and opportunistic investment journey with you.
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