
百萬Eric | Day Trader|Aug 08, 2025 15:29
Ethereum ETH is currently in a pre high pressure zone consisting of high points in March, May, and December 2024, with a strong trend at the intraday level, with high and low points continuously rising above EMA21.
So will it definitely break through? I don't know.
Whether to break through without predicting the market is a probability issue, and whether to find trading opportunities here is a fundamental skill for taking the postgraduate entrance examination.
Even if it breaks through, there are three common paths:
1. Directly break through and rise all the way to 4800
2. After a rise of about 10%, test the breakthrough area
3. Whether the breakthrough area is for testing support or attracting more depends on the strategy.
If you already find this complicated, to be honest, the current market situation is not your opportunity to make money. This is an objective fact that must be accepted.
Of course, it's not impossible to "cheat", the method is to oversold at the time of card sharing and stop loss with key EMAs, and participate in breakthroughs with clear risks.
So, how do I handle the current market situation? Since buying spot goods in mid April, only two types of actions have been taken in the middle: small protective profit taking (3-5%) and structural position increase. The market is not predicted throughout the process, and only executed according to the system.
Now that Ethereum has reached a critical position on the weekly chart, my principle remains unchanged - take a small profit of 3-5%, while raising the stop loss. Yesterday, there was a 4-hour overbought profit taking, and today we encountered a weekly high. These are all ways to prioritize protecting ourselves while acknowledging the unpredictability of the market.
This operation resulted in a result - I now have almost no holding pressure and can patiently wait for the market to develop until the next "high odds" signal appears before making a move.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink