This is the 15-minute chart of ETH. Let's talk about the opportunities available at this position! As everyone knows, trading requires patience. There are four positions for trades: two for short positions and two for long positions. The signals for short positions are the "fueling" signal and the "death cross"; these two are for trading with the trend. The signals for long positions are the "high-level pullback" and the "bottom rebound"; these two are for trading against the trend. Trading against the trend means taking counter positions, which requires a higher level of confidence.
Now, in the 15-minute chart, we can clearly see that this position is suitable for a high-level pullback, right? However, I want to emphasize that we should look at the area circled below. Moving from above the 0 axis to returning to the 0 axis represents a complete cycle. We are only halfway through; the cycle is not yet complete, indicating that it will definitely pull back to the lifeline or 0 axis in the end.
So, the question arises: should we short directly at this stage? Trading is a game of probabilities. A high-level pullback is best seen with a top divergence or pin bar signal in a smaller timeframe before shorting. Do we have these conditions now? Clearly not! Therefore, the current situation of the high-level pullback is suitable for continued observation, waiting for it to move a bit further. If a pullback occurs later and the price rises, and the MACD becomes shorter or the energy bars begin to shrink, then we should consider shorting at that time.
Remember, trading requires capturing signals with high probabilities. The signals that lead to high-probability profits are what we should wait for, even though other signals may also lead to profits, but those involve a greater element of luck!
