$ETH Crypto Academy Scholar: Don't Buy the Dip on 3.18 Crash! Ethereum ETH Bearish Trend Established, Target 2200? Latest Market Analysis and Trading Ideas for Tonight
Ethereum pulled back from 2385, and I had floating losses on my intraday short at 2320 moving up, but I absolutely won't hold stubbornly! I just decisively cut my position at 2285 and exited. Many think it's admitting defeat, but this is actually the core of professional trading—cutting losses short, letting profits run. In this market, those who preserve capital are the ultimate winners. Where there is green hill, there is no fear of running out of firewood! When the next opportunity becomes clear, let's come back and make money together!
From the chart, we can see Ethereum quickly dropped from the previous high of 2385, currently down to 2263, breaking through my intraday entry price of 2320, and simultaneously breaking through all short-term EMA moving averages and the Bollinger Band midline. The MACD histogram is rapidly expanding in green, with DIF and DEA death cross pointing downward, bearish momentum clearly released; the K-line broke through the lower Bollinger Band, a short-term sharp decline, trend temporarily turned bearish.
Key support below is in the 2220 to 2240 range, the lower end of the previous consolidation platform. If this level fails to hold, it could further test 2200. So for coin friends who entered long at 2320 like me, my operation suggestion for the current status: already floating losses, and short-term trend clearly weakening, not recommended to hold stubbornly. Either reduce position at 2260-2270 or stop loss and exit, preserve remaining capital, avoid further loss expansion. The reason is simple: short-term bearish strength is strong, no obvious stop-decline signal, holding stubbornly risks being deeply trapped.
Some coin friends want to gamble on oversold rebounds, must move stop loss down to 2220 and exit if key support breaks. Target first look at 2280-2300 rebound resistance zone, reduce position at price to break even. Reminder: this is gambling on rebound, not trend long trading, risk is extremely high, must control position size strictly.
Evening Short-term Reference
Short from 2280 to 2300 southbound, stop loss 2320, target 2240 to 2200
Logic: Currently broken through all short-term moving averages, MACD death cross with volume expansion, bearish trend is clear, following momentum for shorting has higher win rate.
Long from 2220 to 2240 northbound, stop loss 2200, target 2280 to 2300
Logic: This is gambling on oversold rebound, not trend long trading, must use tight stop loss, quick entry quick exit.
$ETH Crypto Academy Scholar: Don't Buy the Dip on 3.18 Crash! Ethereum ETH Bearish Trend Established, Target 2200? Latest Market Analysis and Trading Ideas for Tonight
Ethereum pulled back from 2385, and I had floating losses on my intraday short at 2320 moving up, but I absolutely won't hold stubbornly! I just decisively cut my position at 2285 and exited. Many think it's admitting defeat, but this is actually the core of professional trading—cutting losses short, letting profits run. In this market, those who preserve capital are the ultimate winners. Where there is green hill, there is no fear of running out of firewood! When the next opportunity becomes clear, let's come back and make money together!
From the chart, we can see Ethereum quickly dropped from the previous high of 2385, currently down to 2263, breaking through my intraday entry price of 2320, and simultaneously breaking through all short-term EMA moving averages and the Bollinger Band midline. The MACD histogram is rapidly expanding in green, with DIF and DEA death cross pointing downward, bearish momentum clearly released; the K-line broke through the lower Bollinger Band, a short-term sharp decline, trend temporarily turned bearish.
Key support below is in the 2220 to 2240 range, the lower end of the previous consolidation platform. If this level fails to hold, it could further test 2200. So for coin friends who entered long at 2320 like me, my operation suggestion for the current status: already floating losses, and short-term trend clearly weakening, not recommended to hold stubbornly. Either reduce position at 2260-2270 or stop loss and exit, preserve remaining capital, avoid further loss expansion. The reason is simple: short-term bearish strength is strong, no obvious stop-decline signal, holding stubbornly risks being deeply trapped.
Some coin friends want to gamble on oversold rebounds, must move stop loss down to 2220 and exit if key support breaks. Target first look at 2280-2300 rebound resistance zone, reduce position at price to break even. Reminder: this is gambling on rebound, not trend long trading, risk is extremely high, must control position size strictly.
Evening Short-term Reference
Short from 2280 to 2300 southbound, stop loss 2320, target 2240 to 2200
Logic: Currently broken through all short-term moving averages, MACD death cross with volume expansion, bearish trend is clear, following momentum for shorting has higher win rate.
Long from 2220 to 2240 northbound, stop loss 2200, target 2280 to 2300
Logic: This is gambling on oversold rebound, not trend long trading, must use tight stop loss, quick entry quick exit.