Don't forget, the darkest moment is often just before dawn. On the road to chasing dreams, you are never alone; you still have me.

The first is to prefer missing out rather than making a mistake. The second is to never overdraw your trades. The third is to learn to wait in cash for opportunities. The fourth is to protect your principal before thinking about profits. The fifth is to learn to review and summarize patterns. To put it simply: do not open positions unless the price reaches your target, do not open positions unless there is a breakout, do not open positions without seeing signals, do not open positions if you cannot find a stop-loss point, do not open positions if the stop-loss point is too large, do not open positions unless it is a key point. You can manually take profits, but you must always manage your stop-loss.

I am a scholar in the crypto circle, a warrior who has always protected the retail investors. I wish my fans financial freedom in 2024. Let's work hard together!

Crypto Scholar: November 7, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 2875, with the daily K-line reaching a high of 2882 and a low of 2700, which corresponds to a one-sided trend driven by the EMA trend indicator. It has opened a long-awaited rebound market. The top pressure level of the bat pattern is at 2680. I chose to exit before reaching 2700. After the market opened in the morning, it started to surge rapidly. When trading, you must pay attention to such trends; do not chase rapid rises or falls. Leave the chasing of rising and falling prices to others. We will observe and wait for the rebound to end before making any decisions.

Currently, the daily K-line has risen above the high position of the EMA trend indicator, continuing upward. From a theoretical standpoint, you can try short positions above 2820 with a stop-loss of 30 points. If it breaks, you can let it go. However, before the publication, it has already broken 2880, so there is no need to continue trying. Wait until the rebound ends to reassess. The MACD has finished contracting and is starting to expand, with the DIF and DEA forming a golden cross above the zero axis. The upper Bollinger Band has broken the 2810 pressure level, turning it into a support point. Do not rush; wait for effective pressure to form above before drawing the Fibonacci retracement levels to find the support points for layout.

The four-hour K-line has continuously stretched from 2400, rising more than 400 points. This shows how wise my suggestion was the day before yesterday when I said that Ethereum breaking below 2400 would enter a hunting zone for long positions. The EMA trend indicator has opened a network-like expansion upwards, with EMA15 already rising to 2600. It is expected to continue rising to the 2650 to 2700 range before slowing down. After the MACD expands upward, the upper Bollinger Band has simultaneously opened, with the upper track at 2770 being lost. The strategy is to focus on long positions while using short positions as a supplement. Keep a red heart and be prepared with both hands. The essence of trading is survival; regardless of long or short positions, manage your stop-loss to prevent liquidation. If you are wrong, learn to admit it; do not resist.

Short-term reference: Safety first. Remember that there is no 100% certainty in the market, so always manage your stop-loss. Safety first; small losses and big gains are the goal.

The main reference is for guidance and not as operational advice. If the trend is bullish, then remember: do not trade against the trend.

For long positions, buy between 2700 and 2750, with a stop-loss at 2650 for additional purchases, and a stop-loss of 50 points. The target is 2800 to 2850, and if it breaks, look at 2900.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Scholar and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should summarize where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly managing stop-loss and take-profit for each trade. The Crypto Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。