$ETH 8.22 on the 5:16 date, Ether pending order strategy, the market characteristics during the time period of 05:00-07:00 are mostly “oscillation continuation periods” prone to false breakouts, with real directional choices often occurring around 07:30 before and after the US stock market closes and the liquidity of the Asian session after 8:00.

I personally did not exit my short position at 4265 when it reached 4202, the price rebounded again to around 4259, and then fell again to 4208 to get me out. Just after I got out, it rebounded to around 4245 like a roller coaster. Without a steady mindset, it’s hard to hold on to this wave of profit.

Currently in cash, I suggest a pending order operation. Ether's trading volume has sharply decreased to only 8601 ETH, which is a low-volume rebound, and do not chase high or low!

Key position reinforcement:

Resistance zone, ambush for short positions, main resistance at the previous high of 4250 in the minute chart, core resistance at 4285 MA99 moving average.

Support zone, ambush area for long positions, short-term support near 4220 MA7, deep support at 4200 today’s low.

Pending order suggestions for those in cash:

① Bullish strategy, buy low to catch the rebound, order price in the support zone of 4215-4220 MA7, stop loss at 4198 below the previous low, target 4240, take profit in batches at 4260.

② Bearish strategy, rebound for short positions, order price in the range of 4268-4275-MA25-MA99. Stop loss at MA99, 4290, target 4230 → take profit in batches at 4210.

Important reminders:

1. Current trading volume is only 1/5 of the average, very prone to spike, be sure to set a wide stop loss!

2. The time window of 05:00-07:00 has frequent double kills for both long and short positions, stay away from the market after placing orders!

3. Refuse to add to positions, do not increase the position after any direction stop loss, wait for new signals!

4. Early morning market logic, a rebound without volume equals a false rise, mostly a trap for excessive buying.

Pending order mantra:

Place short orders below resistance, take long orders above support,

Set stop loss to guard against spikes, profit without greed and run timely.

Alright, let's stop here for today. It's a bit early to end today, so no basketball 🏀. Starting from 14:00 this afternoon, those who entered the position should pay more attention. Another beautiful day has come to an end ✔