1.14 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Last night, the market experienced another significant drop. Lihui managed to take a wave of profits from the long position at over 3240 in Ethereum this morning. Indeed, the actions of the market makers are quite unappealing! This pullback has directly pierced below the daily EMA300, so it's essential to set proper stop-losses when trading! Continuing to look at the 4-hour candlestick chart, we are currently facing resistance from the middle band and EMA15. If we break through this resistance, the next target will be the EMA30 position. The Bollinger Bands are still trending downwards, showing no signs of closing or turning upwards, indicating that the bearish momentum is not yet over!
From the daily chart perspective, the Bollinger Bands continue to trend downwards, with the lower band approaching the EMA300 position. Therefore, today's target may still test this area again; the current candlestick is at the EMA180 level, with resistance above at EMA120. The daily opening price is 3136, which is not far from the current price, and it might break below EMA180 to form a bearish candlestick. For those who bought heavily below 3000 last night, it is advisable to reduce positions and take some profits at this level. The MACD is still showing strong volume below the zero line, and the death cross is still widening. Although the bearish momentum still exists, Lihui's strategy remains unchanged, focusing on the main long positions during pullbacks. It is suggested to take short positions in the short term without being too greedy!
At 11:04 AM Beijing time on January 14, the suggestion is to take light short positions in the 3160-3180 range; stop-loss at 3220; target to take 100-150 points profit. For low long positions, continue to look at the 2950-3000 range, with the stop-loss set at the previous low! The target can be held for the long term with gradual profit-taking! Specific operations can be consulted with Lihui based on real-time market changes!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations. The suggested points in the article are for reference only; do not operate with heavy positions. Please set stop-loss and take-profit levels when entering, and take profits when available!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency market. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency market, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's trials, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance on this investment journey filled with challenges and opportunities!
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