On Saturday, June 14, the price of $ETH Erbing converged and fluctuated between 2518-2535, a breakout is imminent!
Upper resistance: connecting highs 2585 → 2564.9 → 2540.08.
Lower support: connecting lows 2502.65 → 2523.87 → 2515.27.
In the short term, a showdown between bulls and bears is imminent, but the technical indicators show signs of a rebound.
Main cost defense line
On-chain data: 180,000 ETH buy orders of about $450 million added in the 2520-2525 range - Binance depth chart shows that buy orders at 2520 are 21,000 ETH, 1.8 times the sell orders.
Key positions for the bull-bear showdown, pay attention to the 15-minute level!
Bull attack > 2535.9 stands above the middle Bollinger band to initiate a rebound of 55% ↑.
Bear trap < 2518 false breakout to induce shorts needs to observe volume 30% ↓.
Trend confirmation > 2540 breaks through the downtrend line to establish a reversal of 15% →.
Trading strategy!
1. For those holding long positions, add to positions at 2523-2525, increase by 20% RSI divergence + main accumulation area.
Increase position on breakout > 2535.95, confirm rebound at 30% above the middle band.
Reduce profit at 2540, close 50% due to strong resistance from the downtrend line.
2. For those holding short positions, close the position at the current price of 2524 100% due to divergence risk + uncertainty in fundamental data.
3. Empty position strategy
Place breakout long order: 2536 break through the middle band to chase long, stop loss at 2528, target 2555.
Place false breakout long order: 2517 false drop below the lower band to buy the dip, stop loss at 2512, target 2535.
Do not use market orders!
Place long orders at 2518 and short orders at 2532 in advance, with a dual breakout order > - position ≤ 30%
Strict risk control, absolute stop loss for long positions at 2517.9 below the lower band 0.1%
> - If it breaks through 2535, move stop loss up to 2528.
Currently, it is the calm before the storm, the 15-minute Bollinger Bands have narrowed to the limit; favorable or unfavorable data may trigger a one-sided market. After the breakout direction is clear, chase with heavy positions!
Friendly reminder to control your positions, protect your wallet, and stop-loss in time; the longer the fluctuation, the greater the storm!
Subsequent updates will be announced in a timely manner; feel free to contribute in the comments section, those following the trades 🔝
