The essence of trading lies in the ability to seize opportunities, plan before taking action, and strategize. This has always been the key to Mr. Coin's success in the market. Many people fail due to chaotic operations, lack of planning, and most importantly, heavy losses resulting from holding positions, locking positions, refusing to cut losses, and lacking a clear strategy. The fear of missing out on market trends, following the wrong orders, following the crowd, and having a poor mindset often lead to small gains and large losses. Therefore, it is essential to carefully consider entry points before taking action. Aggressive entry points often leave traders in a dilemma, either catching the highest or lowest point, resulting in significant price differences. Reluctance to cut losses leads to holding positions, while stable entry points allow for profitable exits and timely exits.

(Yesterday's layout of short positions at 3310 finally took profit near 3160, gaining more than 150 points) Ethereum broke through the 3100 mark again, and the intraday price at 3088 stopped falling. The current price is running at 3135. Therefore, it is not advisable to blindly chase short positions in the short term. It is more prudent to wait for a breakthrough or a rebound before entering short positions.

Looking at the short-term hourly chart, the Bollinger Bands are in an open state, all moving averages maintain a downward trend, and the KDJ indicator shows a downward divergence. The current price is below EMA7, EMA30, and EMA120. In the short term, it is expected that the price will continue to decline. Therefore, the short-term strategy suggests waiting for a breakthrough or a rebound before entering short positions.

The upper resistance is focused on the 3180-3200-3220 levels. Consider entering short positions on a rebound, with additional positions at 3300, a stop loss at 3330, and a profit target at 3130 below (continue to hold if 3080 is broken). For more real-time single strategies, online technical learning, and exiting strategies, you can add the mentor's QQ/WeChat with the same number: 776880970. The first ten people daily can receive free exiting strategies.

The lower support is focused on the 3000 level. If it breaks through, the price is expected to move towards the 2900 level. Therefore, a breakthrough indicates a light position at 2880-2930, with additional positions at 2780, a profit target in the 2980-3020 range.

There is a delay in the article delivery, and the market is constantly changing. Regardless of how high the market judgment is, it is essential to set stop-loss and take-profit levels. More real-time singles can be obtained by following the public account under the author's name, where you can also learn about online market technical analysis and exiting strategies. With years of market research, the author has studied the major trends in the cryptocurrency market and has provided analysis and guidance on BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading operations, you are welcome to study and learn together.

This article is exclusively authored and shared by Mr. Coin, representing his exclusive viewpoint. There is a delay in the article delivery, and risks are self-assumed. It is important to control the position reasonably, avoid heavy or full positions, and strive for financial freedom. Let's move forward together and stay optimistic in our investments. Do not let the future you dislike the present self. We are living in reality, but not every piece of data needs to be taken seriously. Let the past go and let the future arrive sooner! Take good care of yourself, prepare yourself, and get ready to go at any time. Keep it up!

• This article is written by Mr. Coin in the cryptocurrency circle, rejecting plagiarism and respecting originality!

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