The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has always been the key to Minghui's success in the market. Many people fail due to chaotic operations, lack of planning, and no strategy. Most losses stem from locking positions, holding onto trades, and not using stop-loss orders. The root cause is often a lack of skills and ideas, blindly trusting others' trades, following the wrong signals, and having a poor mindset, resulting in small gains and large losses. The saying "think thrice before acting" holds true; only well-considered entry points should be taken. Aggressive points leave traders in a dilemma, whether to catch the highest or lowest points, leading to significant price differences. If one is reluctant to take a loss, they can only endure. Stable entry points allow for profit-taking or withdrawal.
6.26 Cryptocurrency Market Analysis by Minghui: Ethereum (ETH) Strategy Reference
Ethereum saw a significant price increase yesterday, reaching close to the 2520 level. Although there was a pullback of over a hundred points in the evening, the upward trend remains unchanged. The price has rebounded after a retest and has recovered all losses, breaking through yesterday's high resistance. In the short term, bulls are gaining momentum again.
The daily chart shows four consecutive bullish candles, indicating strong bullish sentiment. A long bullish candle broke out on June 23, followed by a quick rebound after a pullback to the 2416 low, forming a V-shaped reversal structure. The current price is above the EMA7 moving average but is under pressure from the EMA30. The daily chart shows a rebound within a descending channel. The MACD daily lines are still below the zero axis, but the green bars are beginning to shrink, indicating weakening bearish momentum. The EMA7 (2434) has formed a golden cross with the price, providing effective short-term support. Currently, there are no reversal signals, and the trend continues to test upward. As long as the price does not break below the 2400 level during the day, further gains are expected. However, the price is approaching the Bollinger Bands axis, so attention should be paid to the breakout situation at this level. A breakout will open up upward space, while a failure could lead to a pullback risk. Short-term support is at the 2400 level, with resistance at the daily Bollinger middle axis near 2520. It is recommended to sell high and buy low.
6.26 Short-term Strategy Reference for Ethereum:
- For buying: 2525-2575, with a stop-loss at 2700, and a target below 2480.
- For selling: 2380-2440, with a stop-loss at 2250, and a target near 2480.
6.26 Short-term Strategy Reference for Bitcoin:
- For buying: 108300-109300, with a stop-loss at 111000, and a target below 107500.
- For selling: 107000-106000, with a stop-loss at 104550, and a target above 107800.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Minghui in the Cryptocurrency Circle). The first ten daily followers can receive free exit strategies.
The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Again, it is emphasized to manage risk well; no matter how confident you are in your future market judgment, always set your take-profit and stop-loss orders! If you need analysis on other cryptocurrencies, feel free to comment or message privately. Friends who like this content, please give more likes and support!
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