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 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 the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis for Ethereum (ETH) on November 9:

Ethereum's daily chart shows alternating bullish and bearish trends, with short-term corrections being the main focus, but it has not broken upward again. The strength of the intraday rebound has weakened, and the market is under pressure to correct, with the current price around 3390. The low has touched 3353, completely reversing yesterday's gains. The key support to watch today is around 3330; if it breaks below, it means the correction will continue, and the trend may return to the previous low volatility range.

Looking at the short-term four-hour chart, the strength of the price rebound has weakened, and the fluctuation range is slowly moving downwards, with the correction still ongoing. There is a possibility of the price going lower again, so entering long positions is not recommended for now. The market is currently in a corrective phase, and the key mid-axis support has not been broken, so although there is a continuous short-term correction, the broad fluctuation pattern has not changed. Therefore, our strategy is to short at high points and long at low points. The upper resistance to watch is around 3460, and the lower support is around 3330.

Short-term Reference for Ethereum on November 9:

Short position entry point in the 3515-3465 range, with a stop loss at 3680, and a target below 3420.

Long position entry point in the 3320-3370 range, with a stop loss at 3150, and a target above 3420.

There may be a delay in sending this article, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Discusses Cryptocurrency) for access. The first ten people each day can receive free exit strategy advice.

For more real-time trades, you can follow the public account (Mr. Coin Discusses Cryptocurrency) for access. You can learn online about market techniques, 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.

This article is exclusively shared by Mr. Coin in the cryptocurrency space and represents his unique viewpoint. There may be a delay in sending the article, and the risks are to be borne by the reader. 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 striving. 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 diligently, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin in the cryptocurrency space, and we refuse to plagiarize and respect originality!

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