$ETH 1-hour level shows a weak rebound after a significant drop, with prices fluctuating near the lower edge of the 2900-3050 range, and the overall structure remains dominated by bears.
Core trading idea of Ether Saints:
Mainly short when rebounding to resistance levels, and lightly buy for a rebound when there is a sharp drop to support levels.
Specific operational plan:
Bearish direction
Short on rebound: When the price rebounds to the resistance area near 3020-3050 and shows signs of stagnation with K-line, short in batches | Target: 30-120 points+
Breakout short: When the price breaks below the support near 2900, follow the trend to short | Target: 30-120 points+
Bullish direction
Grab rebound on sharp drop: When the price sharply drops to the support area near 2900-2920 and shows clear signs of momentum exhaustion, lightly buy for a rebound | Target: 30-120 points+
Breakout long: When the price stabilizes near the resistance of 3050, follow the trend to buy long | Target: 30-120 points+
Unified risk control stop loss of 30 points:
Stop loss for short positions placed 30 points above the entry price
Stop loss for long positions placed 30 points below the entry price
(The above is a personal trading framework, not investment advice)
