🔥 June 11th Morning ETH 8-Hour Prediction + Trading Strategy!
💡 Technical Overview
• Trend: Consolidating upward + Short-term pullback signals
• Key Levels: Support 2780/2700/2650
Resistance 2833/2863/3000
• Indicators: MACD convergence, KDJ stagnation, RSI midline pullback, volume shrinking
⚡ 8-Hour Price Prediction
• Bearish: May drop to 2700 or even 2650 (-2% to -5%)
• Bullish: If it breaks 2833 or sees increased volume, it can target 2900-3000 (+4% to +8%)
• Alternative: Stabilize and rebound after dipping to 2700
💰 Trading Strategy
• (1) Short Position Strategy
• Entry Point: $2,780-$2,790 (current price range).
• Stop Loss: $2,820 (upper resistance level, to prevent reversal after breakout).
• Take Profit:
• First Target: $2,720 (approximately 2% drop).
• Second Target: $2,700 (approximately 3% drop).
• Third Target: $2,650 (approximately 5% drop, scale out depending on market reaction).
• Risk Warning: If the price breaks $2,833, stop loss immediately and exit the position.
(2) Long Position Strategy (Reversal Setup)
• Entry Point: $2,700 (if the price stabilizes after testing support).
• Stop Loss: $2,670 (strong support below at $2,650, 5% safety zone).
• Take Profit:
• First Target: $2,780 (recoup the drop).
• Second Target: $2,833 (recent high).
• Third Target: $2,900 (potential target after breakout).
• Risk Warning: If the price drops below $2,650, abandon the long position idea.
👀 Observation and Adjustment
• Key Time Points: June 11th 12:00 PM HKT (Asia market close) and 4:00 PM HKT (Europe market open), pay attention to volume changes.
• Dynamic Adjustment: If a sudden positive news occurs (like large buy orders or market news), consider pausing short position strategy, switch to wait-and-see or small position long.
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