On the second day of entering the circle as a female college student, did any big brother tell me what to do? Why did I get wrapped up in 20u as soon as I came in? Should I cut my losses and run? $ETH
Ten breakthroughs, 9 times are false breakthroughs. Given the overall downward trend, as long as the position is high, one must bravely go short. Just set a small stop loss; as long as it goes down, one can reap a large profit. The profit from one order can make up for the losses of three orders.
For ETH, on the 1-hour level, this morning, the bottom structure has been completed.
On the morning of November 5th, the 15-minute bottom structure first appeared. At that time, I said that the current downtrend has stopped, there won't be any major ups or downs within 2-3 days.
Now on the 1-hour level, the candlestick chart has already formed a bottom structure, it's time to buy some spot.
I do not recommend going short anymore.
Now waiting for the 4-hour level candlestick to form a bottom.
If it can form, this bear market is basically over, if not, then……