In the next two days or on Monday, the key focus is whether the 115,000 level can be effectively broken. Lao Xiao believes that placing long positions around 115,000 is the most prudent approach. The pullback is just a temporary trend; the overall outlook remains bullish. A significant correction is expected around October, so there is still plenty of time!
If we pull back to the point of the B wave correction, we can enter and hold well. Don't panic at every small drop or run away at every small rise; don't cut yourself! Use time to gain space; profits are not made through frequent trading. Remember, the more you trade, the higher the chance of making mistakes!
ETH is similar to Bitcoin. It broke the upward trend yesterday and is currently in a third wave correction. We will wait to see if it can stabilize above the upward trend line in the next two days and on Monday. If it does, the bulls will be as steady as an old dog. If it doesn't, look at the chart and answer the questions; you know what I mean!
However, the overall trend remains bullish, after all, it has risen by 1,000 points, and a slight pullback is part of the cleanup. Theoretically, both bulls and bears can profit; it ultimately depends on individual judgment! Lao Xiao will provide real-time layouts in actual trading!
The market changes rapidly, so always refer to the actual trading situation and remember to manage your risk!
For real-time online guidance, you can follow the public account "Lao Xiao Talks About Coins Diary."
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