ETH Intraday Strategy

Recently, a large bullish candle on the 1-hour chart broke through previous multiple resistance levels with increased volume, surged to 2394, then consolidated at high levels with decreased volume. The overall bullish trend remains dominant, but short-term overbought conditions combined with previous high selling pressure suggest a need for a correction. The 2400 level is quite critical, as there was no clear resistance before. Strictly adhere to take-profit and stop-loss rules; volume breakouts of key levels are considered false breakouts. Avoid blindly chasing gains or panic selling, operate with light positions to control risk.

High Short: Short positions can be initiated on rebounds to the 2380-2400 range, with a stop-loss at 2430.
Above, the first take-profit target is 2310; if it breaks below 2310, hold for a view of 2236.
Low Long: Only attempt light long positions on pullbacks to the 2310-2320 range, with clear signs of a trend reversal, with a stop-loss below 2300.
First take-profit targets are 2380-2390; a breakout can target the previous high at 2400. #eth #Gate13周年Dr.Han公开信