The following is a short-selling strategy based on the current ETH/USDT trend
【Date】June 24【ETH Short-Selling Strategy】
【Entry Point】: Around 2450
【Stop Loss】: 2475
【Take Profit】: 2400-2370-2340
【Recommendation】: The current price is close to the short-term upper limit of 2450, with short-term pullback pressure. It is recommended to short around 2450, with the stop loss set at 2475, and targets at 2400, 2370, and 2340.
Technical Analysis:
MA/EMA: Although the short-term MA and EMA indicate a bullish trend, the price is approaching the upper limit of the Bollinger Bands, and pullback pressure is gradually increasing.
MACD: The MACD shows that the gap between DIF and DEA is gradually narrowing, and bearish momentum may gradually strengthen.
Bollinger Bands: The current price is close to the upper limit of the Bollinger Bands, presenting a reversal risk. After breaking through the upper limit, attention must still be paid to the possibility of a pullback.
Volume: Although trading volume has increased, it may expand significantly during a price pullback, making it suitable for bearish entry.
Operational Strategy:
Enter short positions around 2450, with the stop loss set at 2475. If the price drops to the 2400-2370 range, consider taking profits in batches.
If the price breaks through 2475, consider stopping losses early and adjusting the strategy.
【Market Suggestion】: There is strong resistance above, and it is recommended to pay attention to short-selling opportunities near 2450, while appropriately controlling positions and stop losses.
For reference only, strict risk control.
This short-selling strategy can be considered when the price is close to the short-term upper limit, especially if there are signs of market reversal.