There's a saying, how does it go? After a good sleep, I've taken profits again!

Many fans will ask, Caishen Caishen, how can you accurately capture the rebound after a consolidation for two consecutive days?

Today, I will provide some solid content, analyzing my entry basis and judgment in detail. Most importantly, my method has a success rate of up to 70%! Even beginners can learn it quickly!

As shown in the figure, it is known that around 2920 is a support level, and at that time ETH was around 2820. This support level will turn into a recent resistance level. At that moment, it was in a post-decline oscillation upward and showed a trend of rising. The market has been continuously declining recently, and most short sellers' strategies are to short at high levels.

In circumstances where the market needs to continue to decline, one definitely cannot be too heavily invested. It is necessary to liquidate some short positions. Most short sellers will place their stop-loss positions around 2930, so there is a high probability that the market will need to break this level before continuing to decline.

At this time, entering a long position still has a high probability of success. The decline is for a better rise, and the rise is for a better decline. Only after shaking off the short sellers can the decline proceed smoothly. My take-profit position is very conservative, 20 points away from the support zone, to avoid being unable to effectively break the support level and thus unable to take profits, leading to profit loss.

What seems like a simple strategy actually contains position management, risk control, news analysis, technical analysis, and market psychology; all these elements are indispensable.

Currently, with Japan's interest rate hike approaching, the market is quite active every day, with hundreds of points of space available for profit. If we can seize these opportunities, we can also quickly turn over in the current market.

Now that the market is continuously declining, one must be precise about timing before taking action. If you still cannot determine the direction and cannot control your position well, I usually share some cutting-edge information and solid strategies. Follow me, and let's seize the big opportunities together!

#ETH Trend Analysis