ETH's Next Volatility Period: Around November 19Ethereum / TetherUSBINANCE:ETHUSDTreadCrypto Hello, traders! It's great to see you all. By following me, you can always stay up to date with the latest information. Have a great day! ------------------------------------- For a trend reversal to occur, buying pressure must exceed selling pressure. For that to happen, there must be a compelling reason for traders to buy. The formation of the DOM(-60) indicator at 2442.08 signaled that ETH had reached a potential bottom zone. However, the price ultimately failed to hold that level and continued to decline. Nevertheless, since the DOM(-60) indicator has appeared to identify a potential bottom, if the price continues to decline, it will eventually encounter the HA-Low indicator. If the HA-Low indicator appears, the key will be whether the price can find support around that level. This is because the HA-Low indicator is designed to identify potential buying opportunities. If the price declines further from its current level, it will be important to watch whether support holds around 2111.42. The period we should be most cautious about is when the price declines from the HA-High indicator toward the HA-Low indicator. This is because, once the price begins falling from a high, we cannot know exactly how far it will decline. Therefore, our basic trading strategy is to buy near the HA-Low indicator and sell near the HA-High indicator. By adding the DOM(-60) and DOM(60) indicators to this basic strategy, we can better identify potential bottom and top zones and determine appropriate trading opportunities. Fortunately, ETH encountered the DOM(-60) indicator after declining only a relatively short distance from the HA-High indicator. Since the price has already reached an indicator suggesting a potential bottom, we can anticipate that a bottoming process may eventually develop, even if the decline continues. This should help reduce some of the psychological pressure associated with trading during a downtrend. Therefore, from a day-trading perspective, we should gradually take profits through partial selling when the price rises. When the price declines, we should also consider partial selling to secure funds for future repurchases. The decision about where to sell during a decline should be based on the support and resistance levels you have established. Looking at the chart, a support and resistance level has formed at 2317.39. Therefore, if the price falls below 2317.39 and then encounters resistance at that level, or if a candle closes below 2317.39, consider partially selling and waiting. However, if the price immediately rebounds after you have partially sold, you should not chase the price higher to buy back. For this reason, partial selling should always be carried out at a level you can comfortably manage. If the price begins to decline, wait until it shows signs of stopping its decline and a bullish candle is about to close. If the price at that point is at or below your previous partial selling price, you can repurchase using the funds obtained from that partial sale. By repeating this process, you may be able to accumulate a larger position at a lower average purchase price. As a result, when the market eventually forms a bottom and transitions into an uptrend, you may have an opportunity to generate greater profits. Once the price begins rising above your average purchase price, there is no need to take immediate action. However, you should already have a plan for where to take your first profit. The reason for taking profits is to protect your psychological stability to some extent against market volatility. Therefore, I recommend making your first partial sale when the price rises toward an upper support and resistance level. After that, place a stop-loss order at a price above your average purchase price plus trading fees, and wait for the price to rise further. You can then determine where to execute your main sell order according to the basic trading strategy discussed earlier. For medium- to long-term investors, the main sell order can be treated as a sale intended to secure funds for future repurchases. For short-term traders and those operating on even shorter timeframes, it may be better to close the position at the main selling level, lock in profits, and wait for the next trading cycle. What matters most is not the chart analysis itself. What truly matters is how you develop and execute your trading strategy around the support and resistance levels you have identified. There is absolutely no need to argue about whether a chart analysis is right or wrong. Regardless of whether the chart analysis turns out to be accurate or inaccurate, it is ultimately your trading strategy and how you execute it that will determine whether you make a profit or suffer a loss. You're not still judging chart analyses simply by whether they turn out to be right or wrong, are you? --- Thank you for reading all the way to the end. I wish you successful trading! --------------------------------------------------