1. Current Recommended Direction - The head and shoulders (HCH) pattern that has appeared in ETH suggests that it may face downward pressure in the short term. It is advisable to short or wait and see for confirmation. Blindly going long is not recommended. Given the industry's security anxieties stemming from the Solana quantum safety experiment, there may be short-term negative disturbances. It is advisable to guard against the risk of a decline after the "overextension" of the rally. 2. Position and Risk Management Recommendations - It is recommended to try shorting with a small position first, and avoid chasing high prices with a large position. - Set a clear stop-loss level to prevent losses from rebounds and reversals. For profit-taking, refer to the neckline support level of a head and shoulders pattern. - Focus on short-term trading within the time frame, paying close attention to price reactions within the next 1-3 trading days. 3. Adapt to trading styles This strategy is suitable for aggressive short-term trading, allowing for quick entry and exit of trades, and capturing pullback opportunities brought about by head and shoulders top patterns. - It is not advisable to be overly attached to positions. When the market is unclear, it is best to be conservative and wait for confirmation before gradually increasing positions. - Pay attention to industry security developments as a catalyst, and be wary of the impact of quantum security risks on market sentiment.
ETH: Summary of BingXLatino Community Discussions (05:00:10 ~ 06:00:10)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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