Ethereum Day Trading Strategy
This morning, $BTC touched the 2380 support level, with a spike down to 2377 and a strong close. In the short term, there is significant capital support at 2380, so you can go long within the day (enter long positions in the 2380-2370 range with a stop loss at 2350) and consider shorting (short at 2450 with a 2% position and add to the short around 2480) with a stop loss around 2510.
Tonight's PCE data is likely to be favorable, and combined with previous news, the probability of the Federal Reserve lowering interest rates in August-September has increased!
All the bottom-fishing funds in Ethereum are in Bitcoin. Cautious investors can wait for a Bitcoin pullback to enter and take profits. Currently, Bitcoin's volatility is low, making it suitable for investors who don’t check their phones often!
For beginners in altcoins, I still recommend $UNI and $PEPE .
Better to have fun together than alone; if you reach out, I can help you get on shore!!
