A few days ago, #ETH got scared shitless by a mere pullback, and now after the slightest bounce today, people are shouting that the bull market is back?
Either trade the swings and share signals— even if you lose on your own trades, you can still make money from commissions—or stick to dollar-cost averaging. Once you've bought, get on with your life. Don't stare at the K-line every day and give yourself anxiety.
Lao Bai finished building his DCA position a month ago, so there really isn't much room to maneuver now. Today I'll just share a quick take on the short-term direction and keep my market instincts sharp.
🌟 Today is actually pretty important, because the price has climbed back above EMA50 and EMA200. Previously, ETH had been trading below the daily moving averages for a long time, and rebounds were consistently capped by EMA200. This suggests the bulls are starting to regain the initiative.
🌟 The daily KDJ's J value is now at 104, and the 4-hour KDJ's J value is also close to 100. This suggests short-term buying pressure is quite concentrated. Although the trend has improved, chasing longs around $2,428 doesn't offer an attractive risk-reward ratio.
🌟 A better strategy is to wait for a pullback—for example, if $2,400 holds, then look toward $2,450 and $2,480. The risk-reward would be much better!
Either trade the swings and share signals— even if you lose on your own trades, you can still make money from commissions—or stick to dollar-cost averaging. Once you've bought, get on with your life. Don't stare at the K-line every day and give yourself anxiety.
Lao Bai finished building his DCA position a month ago, so there really isn't much room to maneuver now. Today I'll just share a quick take on the short-term direction and keep my market instincts sharp.
🌟 Today is actually pretty important, because the price has climbed back above EMA50 and EMA200. Previously, ETH had been trading below the daily moving averages for a long time, and rebounds were consistently capped by EMA200. This suggests the bulls are starting to regain the initiative.
🌟 The daily KDJ's J value is now at 104, and the 4-hour KDJ's J value is also close to 100. This suggests short-term buying pressure is quite concentrated. Although the trend has improved, chasing longs around $2,428 doesn't offer an attractive risk-reward ratio.
🌟 A better strategy is to wait for a pullback—for example, if $2,400 holds, then look toward $2,450 and $2,480. The risk-reward would be much better!
