$ETH Evening Thoughts:
Speaking with the chart: The second contract has broken through the triangular convergence pattern, and now the upper boundary of this triangular convergence pattern is the support level. You can wait for the second contract to retest the upper boundary of the triangular convergence pattern to go long, and set a stop loss if it falls back into the triangular convergence pattern. Treat left-side orders with caution.
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If you really want to short the second contract, I suggest you wait for it to touch 2731 and show a 2b false breakout before shorting one lot. This position is, in my opinion, the most stable short position. Set your stop loss as shown in the chart,
Don't think that being so high, can it really reach more than 100 dollars away from now? It can pull back to that level in a minute.
For right-side long positions, wait for the second contract to break and stabilize above 2627 before going long directly. You don't need to keep staring at the screen; just set your stop loss and do what you need to do.
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For the second contract, if it breaks 2625 on the hourly level, look up at 2657-2682-2717. As long as it breaks 2657, the hourly level of the second contract will start to rise.
If it breaks below 2590 on the 4-hour level, look down at 2551-2523. If it breaks below 2551, the second contract will need to retest and gather momentum to continue upwards.
Choose a direction to trade, or do whichever comes first. Don’t try to catch both long and short positions; it’s easy to choke. Meeting adjourned.