Currently, the ETH trend is clear, and the rebound momentum is significantly insufficient, with the market showing signs of continued decline. In this market environment, every rebound is an opportunity for us to position ourselves.
First order entry: You can start positioning short orders around 2850.
Batch strategy: If the price tests upward, a top-up can be made near 2870 to optimize the overall holding cost.
Strict risk control: All positions should uniformly set stop losses at 2908, as this position is an important resistance area. Once it breaks through, one should exit and observe.
Target setting: The initial target is set towards around 2800. If the subsequent trend continues, further attention can be given to the 2720 area.
Currently, although the market may show a slow rise, the rebound strength is limited, making it difficult to form an effective reversal. The market is likely to continue to decline after a consolidation period, so a high short strategy is relatively advantageous at this stage.
Time waits for no one; what you lack is not analysis but the courage to seize turning points! Follow Niu Ge, let experience help you stabilize your profit points.
