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 the opportunity for additional positions reserved; additional positions should not be too close, and adding positions at support and resistance levels will never be wrong. Stop loss is a must for the second break; learn to wait for opportunities, and only with patience can you find the most suitable entry point. It's better to miss out than to make mistakes; after exiting, learn to review and identify the problems and strengths of the trades; make good use of distributed position building, reducing positions, adding positions, and taking profits; review technical indicators on the market, and look for signals of rebound and retracement; continue to improve and maintain good trading habits. Only by being cautious and steady can you 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 a calm spirit to assist every coin trader in successfully gaining valuable wealth and continuously realizing their own value in the coin circle! I hope everyone can achieve financial freedom in 2024! Keep it up!
Ethereum Market Analysis and Operation Suggestions on July 25th:
The upper Bollinger Band on the daily chart of Ethereum continues to move downward and contract, and the candlestick has come from the middle band above to near the lower band around 3300, which is also within the expected bearish trend. The current candlestick is testing the EMA120 line, and the KDJ three lines continue to spread downward.
The energy above the MACD continues to decrease and approaches the 0 axis position, and the DIF continues to contract towards the DEA, indicating a demand for retracement. It is also important to pay attention to the turning point at the 0 axis position.
From a short-term perspective, there is still a demand for retracement in the coin price, so the EMA120 position is definitely not sustainable. The support below should be considered further, and it is advisable to gradually build a long position in the EMA150 and EMA200 and retracement line range. In addition, Powell's speech in the morning may once again cause significant volatility in the coin price, and there may be another major market movement in the coin circle tonight due to the unemployment benefits and the Nashville Bitcoin 2024 event. Please be cautious.
Based on the above indicators, the operational layout strategy can be to go short first and then long.
It is recommended to go short at 3330-3360 on the retracement, with a stop loss at 3385; take profit at 3310-3260; and hold the position in the 3250-3230 range until 3130-3160.
It is recommended to go long at 3230-3250 on the retracement by 2%, defend and add positions at 3120-3080 by 4%, with a stop loss at 3050, and a target at 3310-3370; hold the position in the 3380-3400 range until above 3450.
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I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have conducted 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 (WeChat public account: Zhang Lihui) and does not represent any official position. The above points are for reference only, and risks are self-assumed! May we always carry humility and courage in this complex and chaotic coin circle, fear no challenges, and dare to explore. Just as the road ahead is long and arduous, "I will seek and strive for the best." May we read thousands of books, keep pace with the times, and draw wisdom from the fountain. Travel thousands of miles, experience storms, witness scenery, and comprehend life. With Li Hui's guidance, may we avoid weaknesses and play to our strengths, creating value together. May we always remember the market's baptism, not forget our original intentions, and thus achieve lasting success. In the wave of digital currency, holding onto faith with Li Hui, we will forge 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, make the most of our time, and create brilliance together. Li Hui is willing to embark on this challenging and opportunistic investment journey with you.
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