March 22 Market Analysis



The sudden escalation of war has disrupted what was originally a calm weekend market, causing the market to plunge rapidly again. The critical 2000 level is in danger of being breached, and the bulls' key support has been quickly broken through. The market will undergo another round of consolidation, and we will soon welcome an opportunity to enter for medium to long-term positioning...

Yesterday I reminded everyone about the oscillation range to find positions for long on lows and short on highs. During the day session there was a short-term opportunity of about 10 points, and in the evening there was a short-term opportunity of 20+ points. I'm not sure if everyone executed these positions and captured the opportunities...

Today's market will likely consolidate again following the news, and after a downward day session, there will be some pullback. For short-term trading, we wait for the market to rebound slightly before looking for opportunities to short. After the rapid decline, we can also scalp rebounds. For medium to long-term cycle positioning, we wait for the entry opportunity, unified notification...

Today's Trading Suggestions: Focus on long positions on lows

ETH First support level 2037, Second support level 1980
First resistance level 2122, Second resistance level 2166

Disclaimer: Personal suggestions are for reference only and do not constitute trading advice. Trading carries risk. Always use stop loss when opening positions.
ETH-3.43%
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