Contract trading is nothing more than two directions, and the first consideration for long and short entry decisions is the overall direction. Following the major trend and taking a reverse position will never be wrong! There are several points to the trading mechanism: do not operate frequently; do not hold positions in two different currencies in the same direction at the same time; the initial position should not exceed 5%, with 1-2 times of replenishment opportunities reserved; replenishment should not be too close, and replenishing at support and resistance levels will never be wrong. Stop loss is a must for the second break; learn to wait for opportunities, only those who are patient can find the most suitable entry points, it's better to miss out than to make mistakes; after exiting, learn to review, identify the problems and strengths of the trades; make good use of distributed positions, reduce positions, replenish, and take profit; review market technical indicators more, and look for signals of rebound and retracement; constantly improve and maintain good trading habits, stay humble and cautious, only then can one continue to profit in the industry in the long term! Li Hui will continue to uphold professional knowledge, meticulous analysis, unique position-building techniques, and remain calm in the face of danger to assist every coin trader in successfully gaining valuable wealth, and continuously realize their own value in the coin circle! Wishing everyone to achieve financial freedom in 2024! Keep it up!
Ethereum Market Analysis and Operation Suggestions on June 28:
From the 4-hour chart of Ethereum, the rebound strength seems to be stronger than that of Bitcoin. The price has already hit the EMA80 and formed a pullback in the evening. The current market is gathering strength for another breakthrough, while Bitcoin has only just hit the EMA30 position on the 4-hour chart. It seems that Ethereum is still very strong after the ETF. The EMA10 and EMA15 are turning upwards and approaching the EMA30 from below, and the KDJ three lines are also diverging upwards. The MACD volume above the 0 axis is already very strong, and the distance between DIF and DEA at the low level has widened, indicating a strong short-term bullish trend.
Looking at the daily chart, the situation is even more obvious. The MACD is continuously gaining volume below the 0 axis, and the DIF and DEA are forming a convergence at the low level. The price has already broken through the EMA10 and is approaching the EMA60, and the EMA15 above is also turning upwards. Intraday, it is worth holding positions and observing whether the EMA10 and EMA15 can reach above the EMA30. If not, then the pressure will still be at the EMA30 position, which is also a good short entry point.
Li Hui suggests not to chase long positions at the current 3460 level. It is still better to focus on short positions for Ethereum operations, as the trend of Bitcoin has not shown obvious improvement. Avoid the risk of being trapped at most.
It is recommended to short 3% in the 3510-3530 range, reserve 6% for replenishment in the 3630-3660 range, stop loss at 3670, take profit at 3460-3410, and hold through the break at 3400-3380 to the daily EMA120 level (3310-3330).
There may be delays in article review, and the market is constantly changing. Please set up stop loss and take profit, and take profits when the opportunity arises! For more real-time signals, you can follow the author's official account to obtain them, and you can also learn about technical analysis of the market and how to get out of a predicament online!
I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying in the United States. For those who do not know how to operate, you are welcome to comment and leave a message!
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This article is exclusively published by (Official Account: Zhang Li Hui) and does not represent any official position. The review and publication of the article may be delayed, and the above points are for reference only. Please bear the risks on your own! May we always carry humility and courage in this complex and complicated coin circle, fear no challenges, and dare to explore. Just as we travel thousands of miles, "the road ahead is long and far-reaching, I will seek and explore." May we read thousands of books, keep pace with the times, and draw wisdom from the fountain. Travel thousands of miles, experience wind and rain, witness the scenery, and comprehend life. May you, under the guidance of Li Hui, avoid weaknesses and play to your strengths, and create value together. May we always remember the market baptism, not forget our original intentions, and thus achieve lasting success. In the wave of digital currency, holding firm to our beliefs with Li Hui, forging ahead with determination. May we jointly create a brilliant future and share the joy of success. Let us gather in the turbulent world of digital currency, live up to the prime of life, and create brilliance together. Li Hui is willing to embark on this challenging and opportunistic investment journey with you.
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