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March 22 Market Analysis - Elder's Perspective
The sudden escalation of war has shattered what was supposed to be a peaceful weekend market. The market has experienced a sharp decline once again, with the 2000 key defense line in precarious condition. The bulls' key support has been quickly breached. The market will undergo another round of consolidation, and we are about to welcome entry opportunities for medium to long-term positioning...
Yesterday I reminded everyone about the oscillation range - find positions to go long at lows and short at highs. During the day session there was a 10-point short-term opportunity, and in the evening there was a 20+ point short-term opportunity. Not sure if everyone executed based on the setup and capitalized on the opportunities...
Today's market will likely follow the news and undergo another round of consolidation. After the white session moves downward, there will be a certain pullback. For short-term trading, we wait for the market to rebound slightly, then look for opportunities to short. After the sharp decline, we can also short-term trade the bounce. For those positioning in larger timeframes, wait for the opportunity to enter - unified notification will be provided...
Today's Trading Suggestions: Focus on going long at 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 risks. Place stop losses when opening positions.