Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to increase the probability of success. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, summarizing both profits and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

12.5 Mr. Coin's Analysis Reference for Ethereum (ETH) Market

Ethereum has made a strong rebound after a daily pullback, and the price is continuously rising, having broken through multiple levels of resistance. Bullish sentiment is gradually warming up, with the current high approaching the 3892 level. As of now, Ethereum has increased by nearly 200 points, and the subsequent market is expected to return to the area above 4000.

Looking at the short-term 4-hour chart, the trend shows eight consecutive bullish candles, indicating strong bullish sentiment. The market continues its upward momentum and has now broken through the upper resistance. The price is likely to continue rising, so it is recommended to trade in the direction of the trend. The key resistance above is at the 4000 level; if broken, the market is expected to further explore higher levels. If it does not break through, the market will face pressure and may pull back, marking the end of this upward rhythm. All subsequent operations should avoid blindly chasing after price increases unless the levels are broken. Pullbacks are the main focus.

24.5 Short-term Reference for Ethereum:

Short Position: Sell at 3950-3910, defend at 4050, stop loss: 4080, target below 3850.

Long Position: Focus on the 3680-3730 range, stop loss 50 points, target above 3720.

The sending of this message may be delayed, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss levels properly to secure profits.

For more real-time trades daily, you can follow my public account to gain insights, learn technical analysis, and strategies for exiting positions. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. to provide analysis and guidance on BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively written and shared by Mr. Coin, representing his unique perspective. The article may be delayed in sending, and risks are to be borne by the reader. When trading, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together and cheering each other on. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare diligently, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin, plagiarism is rejected, and original work is respected!

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