Yesterday's quick analysis of Ethereum's layout indicated that the short position was around 2933, with a stop loss at the neckline position of 3030. This short position was provided yesterday, and after adding to the position, the average price was around 2960. At 1:20 AM, the price was around 2800, and we signaled to exit this short position. In the morning, exiting at 2820 also resulted in a decent profit.
The long position was set at orders around 2830, 2750, and while 2750 was not reached, 2830 was executed. Additionally, the live broadcast in the early morning provided a long entry at 2815. Some friends struggled to hold on this morning, and I also gave a signal to reduce the position, but we are still maintaining stable profits.
Both of these have issued squares. Keep up and enjoy the profits.
This week I have been emphasizing caution against Japan's interest rate hikes turning into positives. Based on the previous trend of the US rate cuts, it may still not break out of the current range.
Combining what was said yesterday, this round of rebound to the high point near 3446 has formed multiple head and shoulders patterns. The left side has a clear left shoulder, so it is normal for the right side to have a clear right shoulder. All these positions can be places for us to set up short positions.
The above chart shows two head and shoulders patterns. The right shoulder of the white circle has not yet formed, and the position for shorting is to find this right shoulder. The ideal height for the right shoulder is at the 3030 neck line position. If the market is weak, then it would be 3000, and if it is fierce, 3080 or 3180 might be possible.
If going for short positions, a good position would be around 3030, and if the market continues to break through, watch for 3130.
Ps: The downside of placing strategy orders in advance is that adjustments cannot be made based on real-time market conditions, so your orders should include stop-losses, still at a loss of 30 points. The specific method is 3030 short, 3060 stop-loss. 3130 short, 3160 stop-loss. It is not 3030 short and 3130 add, it is directly losing the previous ones.
The long position let in at 2830, the live broadcast gave around 2815, and in the afternoon I advised you to reduce your holdings, first keep a breakeven stop at 2900. Short-term longs can go for a bet at 2920, with a stop at 2900. For safe long positions, go for around 2750, near 2720.
$BNB The BNB layout from last night, with a short position at 858, the market reached around 854, just 4 points off. The manual chase position is at 849, and finally exited at 822. The long position entered at 820, which should have some holdings now. Here, let’s move a bit, keep a little bit low.
For shorting, still go near 858-860, add a bit around 870 if given the chance [note that this is an addition], and the loss should still be around 5 points. The long position should still go to around 808, with a stop at 800.
The SOL short position given yesterday, around 127.5, with an addition at 130. The market reached 129, which is an entry point. Exiting around an average price of 120 is problematic. Here no long positions were taken mainly because the 120 position is very important. If it breaks and does not recover, then entering long here could be painful.
The position for shorting is still around 128 to 129.5, with an addition around 130.5, giving a loss of 3 points.
Ps: There will definitely be significant fluctuations in the next three days, regardless of bullish or bearish positions. Due to the limitations of pending orders, it is essential to have a proper stop-loss. If there are good opportunities for long or short positions in the market, I will start broadcasting and share with everyone at the first moment.
Moreover, interest rate hikes are a lengthy process of withdrawing liquidity. If you find it difficult to grasp the recent market, you might want to wait until the K-line stabilizes before placing orders. Safety first.
Ps: Strategies are for reference only and do not constitute investment advice.
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