$ETH Ethereum Intraday Trading Strategy
Current Market Sentiment: Neutral to Strong, slight short-term pullback, but has not broken key support, still within the recent consolidation range.
Today's Trading Plan
1. Bullish Strategy (Buy on Dips)
Entry Timing: If the price retraces to the 2750-2760 range and stabilizes, consider entering a light long position.
Stop Loss: Exit if it falls below 2740.
Target: 2785, if broken, look for 2800-2850.
2. Bearish Strategy (Sell on Rallies)
Entry Timing: If the price rebounds to 2780-2785 and faces resistance, consider a short position.
Stop Loss: Stop out if it breaks above 2790.
Target: 2760-2750 (Support Range)
3. Breakout Strategy
Break above 2785: If it breaks out with volume, consider chasing long, target 2800+.
Break below 2750: If it breaks down with volume, it may test 2720-2700, consider shorting with the trend.
Key Observation Points
2785 Resistance: If it tests multiple times without breaking, it may form a short-term top.
2750 Support: If it holds, maintain consolidation; if it fails, it turns weak.
Position Control: Current volatility is low, mainly light positions to avoid overtrading.
