Morning ETHUSDT Long Position Short-term Entry Suggestion on 5/11:

Currently, ETH is facing significant pressure around $2,600, and a short-term pullback may test the following support zones:

1. $2,550 - $2,560: Previous short-term support, possibly initial support.

2. $2,520 - $2,530: This is another support zone in the short-term fluctuations.

3. $2,470 - $2,480: If it breaks below the upper support, it may test this stronger support.

Please closely observe the price performance in these zones, particularly for reversal patterns (such as long lower wicks, pin bar rebounds, or bottoming tails), and adjust your take profit.

ETH Opening Position Suggestions:

• Entry Zone: $2,340 - $2,350

• If the price pulls back and shows a reversal pattern (such as hammer, bullish engulfing, morning star), consider entering.

• Break-even Stop Loss: Below $2,320

• Ensure risk is manageable to avoid being swept out by short-term fluctuations.

• First Take Profit Target: $2,400 - $2,420

• When the price reaches this zone, consider taking partial profits.

• Second Take Profit Target: $2,450 - $2,480

• If momentum continues, you can hold on for larger profits in this zone.

• Entry Signal:

• A reversal candle appears (such as hammer, bullish engulfing, morning star).

• Volume increases, indicating stronger buying momentum.

• Stochastic RSI or MACD shows a bullish crossover.

• Risk Management:

• When the price reaches the first target ($2,400 - $2,420), you can move the stop loss up to the entry price (break-even stop loss).

• Consider setting a trailing stop (e.g., exit on a 2%-3% pullback from the high).