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Long position VS. short position: Which one is better?
In the world of trading, understanding the concepts of long and short positions is crucial for making informed decisions. A long position involves buying an asset with the expectation that its value will rise, while a short position entails selling an asset you don't own, betting that its price will fall.
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Selecting a trading platform is one of the most critical decisions for any trader. But how do you ensure you're choosing one that's regulated, cost-effective, and easy to use? Understanding the key criteria can set you up for success.
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Leverage is a fundamental concept in financial trading,allowing traders to control larger positions with a smaller amount of capital. While it can amplify potential profits, leverage also significantly increases the risk of losses, making it a powerful but double-edged sword.
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Ethereum Intraday: the downside prevails as long as 1765 is resistance
Ethereum (ETH/USD)
+13.07+0.74%
the downside prevails as long as 1765 is resistance.
Our pivot point is at 1765.
Our preference: the downside prevails as long as 1765 is resistance.
Alternative scenario: the upside breakout of 1765, would call for 1795 and 1813.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1762 and 1772).
Supports and resistances:
1813 **
1795 *
1765 **
1736 last
1697
1679 **
1661 *
Our preference: the downside prevails as long as 1765 is resistance.
Alternative scenario: the upside breakout of 1765, would call for 1795 and 1813.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1762 and 1772).
Supports and resistances:
1813 **
1795 *
1765 **
1736 last
1697
1679 **
1661 *
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
