Evening ETH Market Trend
Short-term oscillation biased towards bearish after a weak rebound, daily chart under pressure at the descending trend line, 4-hour volume insufficient, strong resistance above 3160-3180, strong support below 3020-3050, 3100 is the intraday bullish-bearish dividing line.
Operational Suggestions
Short: Open a short position when rebounding to 3150-3160, stop loss at 3190, take profit at 3080, position ≤ 10% of total funds.
Long: Open a light long position when falling to 3030-3050, stop loss at 2990, take profit at 3120, quick in and out.
Holding: Reduce position by 50% if existing position falls below 3090, liquidate for risk avoidance if it falls below 3020.
