ETH Trading Strategy: The downward channel has not been broken, looking for space after a pullback
Ethereum is currently still within a downward channel. Although the overall market has moved for quite some time, Ethereum's increase has been limited. In contrast, Bitcoin has surged to new highs, but is currently struggling under pressure, showing obvious signs of a pullback, which adds momentum to Ethereum's decline.
This wave of Ethereum's drop is actually laying the groundwork for future short positions. In terms of operation, it is recommended to set up short positions around 4550, with the initial target set at 4200, following the current downward trend to seize the opportunity.
Whether you want to closely follow this wave of short positions, or if you have high-position long positions and are looking for a stable hedging strategy, feel free to contact me directly. Operating according to a clear trend logic can help avoid the pitfalls of blindly entering the market and allow for a more solid grasp of market movements, giving you an early advantage.
