Talk about my thoughts on finding entry points when opening a position

First, wait for a horizontal range to appear, and then after a false breakout, quickly reverse. This situation often aligns with the idea of 'go with the big trend and against the small trend.' Here, 'big' refers to the short-term daily chart movements, not longer periods like weekly or monthly charts. The key point is that the reversal must be fast enough, for example, when you look at a 15-minute chart.

Usually, before a wave of upward movement, there will be a pressure accumulation process. In the final stage of this pressure, the price will at least create three new lows before suddenly rising. If you are not looking for reasons based on the results but are trading in real time, you will have to endure two or even three downward tests. If there are more tests, the funding pressure will be significant.

The true entry point is after the 'long wick probing the bottom' followed by a stretch; this is the most aggressive approach. A relatively stable opportunity is during a pullback in the upward movement, as long as it doesn't break key levels, it is considered a reasonable entry point. The ETH3350 case is an example where I didn't enter immediately because the rise was too slow, and that daily candle fell too sharply, so I kept waiting. Until it pulled back and showed a V-shaped reversal and the price stood up again, I then chose to follow in.

To summarize:

The most ideal pullback pattern is a V-shaped reversal;

Secondly, a second bottom test that does not break the previous low, or a long lower shadow probing the bottom;

After the pullback, it is best to see consecutive bullish closes, with the lows gradually rising, then it is worth trading.

If it goes up two and then down two, repeatedly struggling, and the drop is significant, then do not consider entering, it is better to choose to exit.