Friday, May 2nd Trading Ideas:
Brothers and sisters, happy Labor Day! I hope everyone earns a lot during this holiday!
Yesterday, the short position hit a stop loss, and the long position gained 1300 points. After a pullback to the lowest level of 961, it rose again. I mentioned during the live broadcast that 965 and 960 are two support points, and we are still looking bullish. This morning, it rebounded to a high of 972, and there is still profit potential. I am still holding my long position at 961, and I also added to my position during the pullback.
Overall, it's still the same message: as long as we don't break below the 957 level during the pullback, we can look bullish based on this point. Pullbacks around 96 are good opportunities to enter long positions, with targets aiming for 975-980, and a breakout looking towards around 99.
For Ether, look bullish on pullbacks to 1820-30, with a stop at 1800. The target is 1870-1900, and a breakout looking towards 1950-2000.
Tonight at 20:30, there will be non-farm payroll data. I will start the live broadcast in advance, so make sure to join the live room!