学委Lecter

4 hours: Re-turn to long
Daily: Long

The 4-hour chart shows that the price has turned back to a long trend.
The daily chart shows that the bulls are dominant.
The price has broken through the descending channel and the upper resistance, and is currently in a correction phase.
The important position is 0.774, which is a key support level and the location of the 200-day moving average. Correction confirmation: The price is currently correcting, focusing on the support level of 0.774. If the price corrects to this position and forms effective support, you can consider entering the market on the right side of this position.

Support 0.628 0.774 Resistance 1.03 1.18

GM20240522

1) Market trend:
The market fluctuated and rose. The US SEC tends to pass ETH ETF. The latest plan abandons pledges, and further pledges will be regarded as securities.
US stocks rose and hit a new record high. Federal Reserve officials made dovish remarks.

2) Market hot spots:
1. Meme's pepe, people, floki, wojak, mog, etc. rose sharply. ETH's meme led the rise.
2. Social's degen, higher, and only1 rose sharply. Base chain social protocol Farcaster received investment from a16z and paradigm.
3. Domain name ens rose sharply. V God tweeted optimistically that ens can be used as a tool to unify different L2s of ETH.
4. L2's zksync plans to airdrop, with a total of 21 billion tokens and a market value of 10 billion US dollars. ARB, OP, and strk in the same track are all around 12 billion US dollars.

ETHFI

I considered absorbing funds at the bottom of the withdrawal range a few days ago

It is still in the range of fluctuations. If you have friends who entered the market at the bottom of the range a few days ago, you can now take profits and exit at the top of the range. Don't bet on a breakthrough, wait for the price to enter the next range before considering taking it back

23% spot profit is enough, don't be greedy, it's time to take profits

Official account Xuewei Lecter

The FET token showed a wide range of fluctuations between $2.4 and $1.9 on the 4-hour chart. During this period, we observed that the price amplitude gradually narrowed, forming a typical convergent triangle pattern. This pattern usually indicates the accumulation stage of a large-scale market, is the result of the confrontation of market forces, and foreshadows an upcoming directional breakthrough.

Importantly, the recent candlestick chart shows that the price has successfully broken through the upper edge of the convergent triangle and broke through the key resistance level of $2.4. This breakthrough is a clear sign of bullish power, indicating that buyers are regaining control of the market.

At this breakthrough point, we also observed an increase in trading volume and a positive change in market sentiment, which further supports the sustainability of the upward trend. From the perspective of technical indicators, if the price can stabilize above $2.4, it will create conditions for it to climb further to the resistance level of $3.0.

ENA has just broken through the downward trend line. Waiting for the correction to stabilize the horizontal support position, consider starting to take spot orders. Target position 0.96 1.1

ETH
Macro aspect:
1. Bloomberg analyst: The US SEC will approve the 19b-4 document of the spot Ethereum ETF as early as Wednesday, and the probability of the spot Ethereum ETF being approved has increased from 25% to 75%
2. The US spot Bitcoin ETF increased its holdings by 3,077 bitcoins on May 20, and the market is optimistic - positive
3. After the announcement of CPI last week, the net inflow of funds into the Bitcoin ETF hit the highest level since March, achieving a positive net inflow of US$948 million

Technical aspect
1. Yesterday, due to the big positive line, the daily increase was nearly 20%, and the highest point touched the previous platform high. Given the large short-term gains and the high point position at key pressure, the probability of short-term adjustment around the pressure level of 3720 is relatively high.
2. The bottom pattern has changed from rectangular oscillation to W-bottom pattern. Now that the neckline position has been strongly broken, a 1:1 geometric structure has been formed in space.
3. Referring to the rising channel, the current price is near the middle track of the channel. For the forecast of future prices, the ABCD geometric pattern can be referred to. The bulls' target points to the historical high.
4. In terms of indicators, the strength of the bulls makes the indicators less referenceable. In the case of a surge, the game of emotions and technical aspects is prone to large fluctuations in the short-term trend. Under the strong bulls, the short-term profit chips are large, and it is necessary to pay attention to profit protection and profit taking.

Trading ideas: The bullish trend is mainly long on dips. Short-term short orders can be gambled near the upper pressure level of 3720 (based on: technical pressure level)

Trading strategy: Short-term trading is difficult to grasp. For stable trading, refer to the long opportunities in the range of 3500-3550 (near Fibonacci 0.236)

The above views are for reference only. The price has fluctuated greatly recently. Please pay attention to your position and risk control.

ETH
Macro aspect:
1. Bloomberg analyst: The US SEC will approve the 19b-4 document of the spot Ethereum ETF as early as Wednesday, and the probability of the spot Ethereum ETF being approved has increased from 25% to 75%
2. The US spot Bitcoin ETF increased its holdings by 3,077 bitcoins on May 20, and the market is optimistic - positive
3. After the announcement of CPI last week, the net inflow of funds into the Bitcoin ETF hit the highest level since March, achieving a positive net inflow of US$948 million

Technical aspect
1. Yesterday, due to the big positive line, the daily increase was nearly 20%, and the highest point touched the previous platform high. Given the large short-term gains and the high point position at key pressure, the probability of short-term adjustment around the pressure level of 3720 is relatively high.
2. The bottom pattern has changed from rectangular oscillation to W-bottom pattern. Now that the neckline position has been strongly broken, a 1:1 geometric structure has been formed in space.
3. Referring to the rising channel, the current price is near the middle track of the channel. For the forecast of future prices, the ABCD geometric pattern can be referred to. The bulls' target points to the historical high.
4. In terms of indicators, the strength of the bulls makes the indicators less referenceable. In the case of a surge, the game of emotions and technical aspects is prone to large fluctuations in the short-term trend. Under the strong bulls, the short-term profit chips are large, and it is necessary to pay attention to profit protection and profit taking.

Trading ideas: The bullish trend is mainly long on dips. Short-term short orders can be gambled near the upper pressure level of 3720 (based on: technical pressure level)

Trading strategy: Short-term trading is difficult to grasp. For stable trading, refer to the long opportunities in the range of 3500-3550 (near Fibonacci 0.236)

The above views are for reference only. The price has fluctuated greatly recently. Please pay attention to your position and risk control.

Official account: Xuewei Lecter

[APT]

Price behavior is a manifestation of people's trading behavior. Any market and any underlying asset are ultimately bought and sold by people. If this does not change, the method of studying price behavior will still work. Different varieties are still referenceable because the main body of the market is still people.

Today's review target is APT/USD

2024.2.28 Because the breakthrough force is very strong, there is no overlap and a direct big positive line breakthrough. In order to avoid direct pull-up without adjustment, choose to enter the first position immediately at 11.71. If the callback stands firmly at the 10 support below, choose to continue to increase the position. The stop loss is placed at the 200-day moving average support below (9.4)

It can be seen that the entry of 11.71 at that time was in the middle of the small interval. On March 3, the local resistance before the breakthrough (10.85) was tested in the form of a pin, forming a support-resistance exchange.

Why do you think 10.85 is an important support? Because before the breakthrough, it was tested 3 times in 2 months, and it was blocked at 10.85. It can be considered that there is a large supply area here. After the breakthrough, this logic has changed, and 10.85 will become the new demand zone, because after breaking through 10.85, the short force will either stop loss or close the position and wait and see, and will not easily open a position, and the long force will be overwhelming.

Unfortunately, due to the excessive strength of the long side, the entity K has never approached 10.85, but has been tested in the form of a pin, without giving a second chance to increase the position.

Take profit 1 is set at around 14.7, and half of the position is closed. Because the range resistance of the previous weekly level is 14.7.
Similarly, take profit 2 is set at 18, and half of the position is closed.
The comprehensive rate of return is 39.7%, and the profit and loss ratio is 2.02

Today I will repost a [SOL escape record] and move it to the official account.

This is a spot transaction, using a relatively large position.

2//16 Enter the first position at the price of 110, and the small range support is 106 (not a good entry choice, you should wait until the 106 support is stable before entering the market)

2/29 After crossing the 22-year range resistance of 116, continue to increase the position at 121

3/01 Encountered resistance near the 22-year large range resistance of 135, and exited at the price of 133

3/06   After the pin test of the key support of 116, the engulfing pattern appeared again, and the position was closed at the price of 126

3/08 Exited the position at a price slightly below the weekly key resistance of 173 (165)

Same-day entrustment 195 limit order (a little below the key price of 203)

3/16 Exited the position at the entrustment price in the form of a pin

The last 1/3 of the position was left below the historical high of 250 (240) and exited the position

Of course, I encountered resistance again and again near 200. After raising the stop loss line, I stopped the loss at 180 and sold all my positions.

You can see that the whole trend was always higher high and higher low. Even if there was a shock callback, the rebound at the key price was very strong.
The whole transaction was done very smoothly without too many problems. The only problem might be that the position was not enough at that time, and it was impossible to increase the position when the callback was around 140.