Cryptocurrency trading is a long-term plan; it is not about achieving results 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 should 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.
6.27 Mr. Coin's Analysis of Ethereum (ETH) Market Trends
Ethereum has broken through as expected and continued to reach new highs. It is currently facing resistance around the 2520 level and has pulled back. The short-term market is hindered by high-level consolidation today, and as of now, the price has retraced by over a hundred points. The price surged quickly but has pulled back, yet the overall trend still leans towards a volatile market. We will wait for a pullback to reach support before considering entering long positions.
Ethereum's market has broken back into the previous upward trend, and the price has reached a new high today. On the daily level, a volume breakout of the previous high of 2438 occurred on June 23, forming an engulfing pattern, but it failed to hold above the 2500 mark, resulting in a false breakout. EMA12 (2415) and EMA26 (2380) are still in a bullish arrangement. Therefore, the strategy remains to sell high and buy low. Short-term support levels to watch are 2400 and 2350, while resistance is at today's new high of 2520.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free exit strategies.
6.27 Short-term Reference for Ethereum:
Lower test entry points at 2465-2525, with a stop loss at 2650, and a target below 2410.
Upper test entry points at 2355-2305, with a stop loss of 30 points, and a target above 2400.
There may be delays in article delivery; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure your gains.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free exit strategies.
For more real-time trading strategies, 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 space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.
Exclusive opinions, article delivery may be delayed, 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, prepare well, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!
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