The long road said that the currency: 12.4 ETH Fang pulled the plate in the early morning to hit the monthly line 2230 suppression, and the smooth breakthrough became the key

ETH Fang last trading day the white market as a whole is in a volatile operation, the U.S. market began to stretch the demon, rebounding for many days, the market rose from around 1970 to around 228, the recent bulls are strong, BTC stood on the 40,000 mark as scheduled.

ETH market analysis: in the previous articles and videos in the long road have given the market this rebound trend, then according to the trend of the monthly line, the high probability to hit the upper rail 2230 near the high point of the suppression, did not expect to come so fast, Friday’s video analysis also gave a strategy to step back near 2070 into the long, long road also pointed out that if the direct rebound, the price wants to rush higher is more difficult, but if the rebound shock out of the bottom, then continue to rush high hope is great, just the market rebound 2230 position of the suppression of the pressure fall, today can mainly focus on the 2230 position of the suppression, the daily line for 4 consecutive yang, the weekly line also stands on the suppression of the upper part of the weekly line, and the bulls are particularly strong, but at this time, we need to pay attention to the suppressive force of the upper line of the 2230 month, and there may be a situation where the needle is lured to more, and we must pay attention to the risk when chasing more.

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4-hour line, after the market rebounded near 2077, yesterday’s impact on the Fibonacci retracement line at 1.382 under pressure to fall back to 1.13 false breakthrough position did not fall below, after a day of shock washing, the early morning opened the rising mode, just up to the Fibonacci retracement line 1.618 to suppress the step, the long road before the given step back near 2077 if the shock does not fall below, then there is a chance to continue to rebound, the recent market has shown a white disk shock, the trend of the early morning rebound, and combined with the BTC has rebounded to stand on the 4w mark, if it can stand firm, then it is very likely to impact the Fibonacci retracement line 0.5 position after the BTC rebound, that is, about 4.2w, then the ETH Fang is now just hitting the upper end of the monthly line, the upper track of the monthly line will have a certain suppression, but it is not excluded that BTC with the appearance of the pin, today is now concerned about the breakthrough of 2230, do not break through can do a defensive short single, with a good stop loss, the following is concerned about the support near 2200-2192, if it is a shock to absorb chips, then it is necessary to pay attention to the market trend after the early morning, the recent fluctuations are relatively large, we must bring a good stop loss when operating, beware of unnecessary losses caused by changes.

Operation suggestion: real-time policy given

Reminder: The strategy is for reference only, the operation is good with stop loss and take profit, and the take profit target is to take profit in batches and move stop loss, so as to avoid too much profit taking while maintaining profits.

Currency circle transactions are in full swing all the time, how to grasp the opportunity to get a piece of the pie is the common wish of everyone, please believe, “between you and wealth and freedom, there is only one long road missing”, I believe that under the guidance of the long road, you will be able to realize the dream of wealth in the currency circle faster and more stably.

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Source: Golden Finance