Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, 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 increase 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 gains and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
7.5 Mr. Coin's Analysis Reference for Ethereum (ETH) Market
Yesterday, influenced by the overall market, the upward trend was interrupted. In the morning, the price was pressured around the 2600 level. Although there were multiple rebounds afterward, it did not stabilize at the 2600 level. The intraday trend showed a downward fluctuation, and bullish sentiment began to weaken, entering a correction trend.
From the short-term hourly chart, the intraday market is under pressure and correcting. Recently, a double top structure has formed at the daily level (2603.17 and 2635.5), accompanied by a large bearish candle on July 4 confirming the top formation, with the closing price falling below the neckline at the 2500 integer level. The MACD daily DIFF has crossed below the DEA, forming a death cross (2.28 crossing -10.51), and the histogram has turned from positive to negative, continuing to operate below the zero axis on the four-hour level. The RSI daily has fallen from a high of 57.18 to 50.56, with the four-hour level entering a weak zone below 30 (lowest at 26.86). The EMA daily has broken through key moving averages: the price has continuously lost the EMA7 (2499.86) and EMA30 (2480), with the 120-day moving average (2397.16) becoming a dividing line between bulls and bears. Currently, the coin price is fluctuating near the middle track, with both bulls and bears in a relatively stalemate. The short-term trend is also quite stuck, with no signs of breaking out, so it is expected that the oscillating market will continue. We should pay attention to the upper resistance around 2565 and the lower support around 2450. If the lower support breaks, the space below will open up again, so the operation should focus on shorting during rebounds.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) to get the addition method: the first ten each day can receive free exit strategies.
7.5 Short-term Reference for Ethereum:
Lower entry point 2560-2615, defend at 2800, stop loss: 50, target below 2500,
Upper entry point 2405-2455, stop loss 30 points, target above 2500,
There may be delays in article delivery, and strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, you must always set stop-loss and take-profit levels to secure your gains.
For more real-time trades, you can follow my public account to get 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 coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) to get the addition method: the first ten each day can receive free exit strategies.
Exclusive views, there may be delays in article delivery, risks are self-borne, manage your positions reasonably, and avoid 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, plagiarism is refused, and original work is respected!
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