$ETH 5.20 Intraday Trading Strategy

The 4-hour chart is currently still in a downward pullback phase. Yesterday, there was a bullish divergence at the 4-hour level, which could indicate the end of the pullback. Therefore, it is expected to oscillate within the 2546-2442 range before choosing a breakout direction.

Trading suggestion: The situation is quite volatile, enter and exit quickly. Continue to hold short positions in the morning session.

If it does not break 2546, it will directly break up to 2578, wait for a pullback to go long.

If it breaks down through 2546, a pullback can be used to go short, with the first target at 2483 and the second target at 2442.

If 2442 is not broken, exit short positions and enter long positions.

If it breaks down through 2442, wait for a pullback to continue shorting.

Short position stop loss: 2587 Long position stop loss: 2427