Crypto Circle Academician: On November 14, Ethereum (ETH) experienced a sharp rebound in the bearish trend. Why is position size and exit strategy more important than direction?
This article provides a structured review of the current Ethereum market. It focuses solely on technical aspects and is suitable for friends looking to clarify their thoughts for reference. Chen will first explain the current market background in simple terms; then analyze the daily timeframe's price, moving averages, MACD, and Bollinger Bands data; offering two reference plans for both bullish and bearish scenarios, indicating their respective stop-loss and target levels; if after reading you can clearly determine "what trend we are in now, where the key positions are, and what to do if you're wrong," then this article has served its purpose.
The daily candlestick TD structure shows a 9. The price has fallen below all EMAs, and the short, medium, and long-term moving averages are in a bearish arrangement. The MACD dual lines are continuously opening downwards below the zero line. The Bollinger Bands are diverging downwards, with the middle band at 2218, upper band at 2464, and the price has dropped below the lower band at 1972. Overall, the daily chart remains in a clear downward trend, and the rebound has not reversed the structure, with the recent low of 1893 being the closest support line for both bulls and bears.
The four-hour candlestick moving averages continue to exert pressure above the price: EMA15 at 1997, EMA30 at 2052, EMA60 at 2126, EMA90 at 2175, EMA120 at 2214, and the bearish arrangement remains unchanged. The MACD's downward momentum has waned, but the dual lines are still below the zero line. The Bollinger Bands’ lower band is at 1918, middle band at 2018, upper band at 2119, and the price is operating close to the lower band. Short-term consolidation has appeared above 1893, but to confirm a rebound, it must first return to the middle band and around EMA15; otherwise, it can only be regarded as a pause in the downward trend.
Short-term reference:
For upward movement from 1920 to 1880 facing resistance, stop loss at 30 points, target 1980 to 2030
For downward movement from 2020 to 2060 facing stagnation, stop loss at 30 points, target 1980 to 1930
Specific operations should be based on real-time data, and for more detailed information, you can consult the author. The article may have a delay in publication, so advice is for reference only, risk is at your own expense.
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