$ETH Daytime Market Analysis and Trading Strategy
The previous day, ETH maintained a narrow range of fluctuations, testing support at 2400 before slightly rebounding to 2450, with overall volatility not effectively opening up. The current technical formation shows a bullish pattern, but attention is needed.
Key Level Breakthrough Situation:
Bullish Signal: The price must stabilize above 2450 to confirm a continuation of the upward trend, with a breakout targeting 2530.
Downside Risk Warning: If the candlestick closes below the 2380 support, it may trigger a deep correction.
Short-term Trading Plan:
Holding Strategy: Hold long positions in the 2400-2380 range, with a stop loss set below 2380, first target at 2450 (move the stop loss up to target 2530 after a breakout).
Weekend Operations: If the price retraces to the 2400 support, consider adding to long positions lightly. If approaching 2450 without a breakout, consider locking in short-term profits, using a high sell-low buy strategy to cope with volatile markets.
The current market is at a stage of directional choice; it is recommended to strictly manage risks and wait for structural breakout confirmation.
This market changes every day; you need to seize the right moment to take action. If you're still too confused, you can follow me for some cutting-edge information and practical strategies. Feel free to come and discuss anytime, let's seize the big opportunities together!
