Let's take a detailed look at this 15-minute ETH chart to see what opportunities are available now.
Everyone knows that trading requires waiting, but the key is how to wait. The four trading positions in the position strategy—two for long and two for short—essentially represent the difference between trend-following and counter-trend. Refueling in the air and the death cross are actions that follow the trend, while high position pullbacks and bottom rebounds fall under counter-trend operations, which naturally carry greater risks.
At this position, it is clear that we can only engage in high position pullbacks, but don't rush! Look at the MACD I circled below: from crossing above the zero axis to falling back to the zero axis counts as a complete cycle, and we have only completed half of it, indicating that the price will definitely test the lifeline or zero axis. But the question is—can we short directly now? Remember, trading is about probabilities!
For high position pullbacks, especially in small time frames, it's best to wait for a top divergence or pin bar signal. There is currently neither a top divergence nor a pin bar on the chart; rushing to short is akin to gambling with your life. The correct approach is to monitor it: if the price rises further, but the MACD red bars shorten or the energy pile diminishes, then shorting at that moment is the way to go. Don't get itchy at the sight of a high point; wait for a definitive signal!
Key Points
First, make sure to learn the entire system; don't just understand the surface and give away money;
Second, I will guide you during practical operations and solve problems on the spot. Trading is a serious mathematical problem, not some metaphysical fortune-telling!
I am Ye, follow me for top-tier team support, only serving ambitious lunatics.
Focus for the day: LTC ETH KAITO BTC
