Ethereum $ETH (Thursday, June 5) Trading Strategy Share:
Naked Eye K-Line Market Analysis: The 4-hour moving average is about to form a death cross, while the 6 and 8-hour moving averages are forming a golden cross. The 3-day and weekly moving averages are still below water forming a golden cross. Today's market analysis suggests a short-term downward shakeout followed by an upward movement.
Upper Resistance: 2680, 2750, 2825
Lower Support: 2580, 2450, 2350
12-Hour Trading Strategy:
Long Position: Ambush around 2500
Take Profit Targets: 2650-2700-2750
Short Position: Attempt around 2700 (do not execute if below)
Take Profit Targets: 2550-2500-2480
Remember to set stop-losses based on personal circumstances.
~ The above views are for reference only. Build positions rationally, manage your positions well, do not be greedy, do not hold onto losing trades ~