ETH Intraday Limit Order Strategy Sharing (8.12)

Good afternoon, family. I am Chen Changsheng. Ethereum's 1-hour chart is experiencing box-style fluctuations, and last night it even performed like a roller coaster, quickly retracing to 4186 and then bouncing back near 4300. Everyone might be curious if we can short. I want to say yes, but the risk is a bit high because the daily line closed down with bullish momentum. If it doesn’t turn bullish today, I might even have to chase the shorts at market price. However, the morning session closed with a pullback. The market makers are maintaining high-level fluctuations, not allowing much room for a retracement. This means that this round of rally likely hasn't peaked yet. Whether it’s 4500, 4800, or even higher, we’ll let time verify it. The daily chart shows a demand for a retracement, but the weekly chart still doesn’t have a signal for trend reversal. We still need to complete this week!

The short-term 1-hour chart's M-top and W-bottom are already very clear. The three-push structure suggests that this short-term rally hasn't ended yet; it should continue to break through 4400. Even though the liquidation map is filled with bulls, they are still large institutions that retail investors can't compete with. If it rises that high without a drop, it definitely means the chips are insufficient. The probability of breaking through 4400 is very high, with the limit likely around 4460-4480. The chart shows a high probability of retracing to 4000, testing the top of the fluctuation zone, probably around 4080. However, I definitely won't long here. 4000 may not be the top, but it's certainly not a good position to long. I recommend placing limit orders to short Ethereum around 4420-4460, aiming for below 4100, with a stop-loss of just over 100 points. Be bold and short! If you don't short today, your pocket will be empty tomorrow! $ETH