5/11 Late Night ETHUSDT Long Position Short-term Entry Suggestion:

Light position small profit, AI strategy suggestion

Investing involves both gains and losses, stop loss when necessary, do not hold positions

Currently, ETH has risen to $2,455, and there are signs of some pullback at high levels:

Technical Analysis:

1. 5-Minute Chart:

• Stochastic RSI is in the overbought area, and the indicator shows slight downward signs, indicating a possible small pullback in the short term.

• Although the MACD indicator is in the positive area, the momentum bars are gradually shortening, indicating that upward momentum is weakening.

2. 15-Minute Chart:

• The price has entered the overbought area, and Stochastic RSI has started to turn downward, which may be a signal for short-term adjustment.

• The DMI indicator shows that the bulls are still strong, but there are signs of increasing bearish strength.

3. 30-Minute and 1-Hour Charts:

• Still in an upward trend, but Stochastic RSI is gradually entering the overbought area, and caution is needed for pullback risk.

• Main resistance level is in the range of 2,470 - 2,490.

Suggestion:

• For short-term holders:

• Consider gradually reducing positions in the range of 2,455 - 2,470 and moving the take profit to around 2,440 to lock in profits.

• Stop loss is suggested to be set below 2,420 to avoid expanding losses on pullbacks.

• For short-term new entrants:

• If the price pulls back to the range of 2,430 - 2,440 without clear reversal signals, consider entering with a small position.

• Strict stop loss set at 2,410, and watch if Stochastic RSI enters the oversold area and shows reversal.

• For medium to long-term traders:

• If the price stabilizes above 2,450 and MACD remains bullish on the 30-minute or 1-hour chart, consider continuing to hold long positions.