ETH: Don't get carried away on the first day of the Lunar New Year, stick to your "fundamentals"

On the first day of the Lunar New Year, Lao Bao wishes everyone a happy new year and hopes your accounts stay prosperous.

Today is Tuesday evening trading, and the US stock market is about to open. While you're celebrating the holiday, Wall Street's capitalists are not taking a break. The new week has just begun, and don’t think there’s no market movement. The calmer it looks, the more you should be wary of major players secretly sharpening their knives.

I revisited an article today that mentioned two women, which was quite inspiring. One is a chubby lady with fatty liver who insists on morning runs, and the other is a rural woman who, after divorce, gritted her teeth to get certifications and open a clinic. They were both hammered down to the bottom by life, but by building their own "departments" and establishing their "fundamentals," they managed to live vibrantly and earn respect. That’s the real tough character: independent, disciplined, and capable of generating income.

The survival rules of the trading market are very similar to their counterattacks.

Look at the current ETH candlestick, which has been lying almost dead around 1970 all day. The 15-minute volume has shrunk to a pinhole, a typical "boring oscillation" situation. Many retail traders, on the first day of the New Year, are itching to trade and want to guess the market direction at this boring level, hoping to earn a New Year red envelope. But what happens? Without a proper trading system, they are led by the market’s ups and downs, becoming market followers, losing money during the holiday season.

This kind of lukewarm market is where the big players are just waiting to test your patience. When the US stock market opens, they are very likely to poke up and down, sweeping out your contracts. If the big players dare to draw fake lines during the holiday, we should seize the opportunity and bite back.

Today’s trading plan:
Direction: Mainly short $ETH
Entry points: Current price 1985-2005, staggered short positions.
Stop loss: 2038. If hit, consider it a red envelope to the market, never hold through it.
Take profit: First reduce at 1920, then watch for 1880-1840.

In this bloodthirsty market, good luck never depends on praying; it depends on your iron discipline and system. For your first trade of the new year, are you going to continue gambling based on feelings, or become a disciplined trader with solid fundamentals?

PS: Remember to join the live trading group.