Short ETH Position!
Entry zone: 2420 — 2450
This range is a strong resistance zone above the current ETH, repeatedly trying to break through but failing, bullish momentum is weak, volume continues to decline, this is the right time to enter a short position.
Whether the market slightly rises or moves sideways, as long as it touches this range, it is an ideal entry point for shorts, build your position gradually, spread out your costs, maximize profits from the entry advantage.
Take profit targets: 2385 → 2330 → 2250
Gradual profit-taking, harvest gains step by step, do not focus on a single target, do it steadily:
First target 2385, a short-term correction will definitely reach this level, take some profits first, safety key;
Second target 2330, the main support break point after the bearish trend continues, profits increase further;
Final target 2250, the main downward position of the current bearish trend, if broken, the downward space opens wide, hold and gain big profits.
Stop loss defense: 2463
Risk management is always the main principle of trading, 2463 is the lifeline of the current bearish logic.
If the price strongly breaks this position, it means the bearish logic has failed, bullish is regaining control of the market, immediately stop loss and exit, do not fight, protect your capital, wait for the next opportunity.
The battle between bullish and bearish in the current market is intensifying, selling pressure above ETH is heavy, rebounds actually give opportunities for bears.
Do not rush to follow the rise, do not guess the top or bottom, follow clear support and resistance levels, small stops for big gains, risk-reward ratio is maximized.
The market never waits, strategies are given, execution is key.
Enter within the range, take profit according to targets, discipline stop loss, use rational trading, seize profits from this ETH short wave!
