ETH plays with triangular convergence during the day, long position strategy looks here at night

From this 1-hour chart, ETH's performance today is quite promising. During the day, the price is tightly wrapped by a clear blue triangular convergence pattern, with both bulls and bears fiercely competing. Ultimately, the price chooses to break upwards, but then does not soar, instead falling back again, forming the classic scene of 'pullback after breakout'.

Compared to Bitcoin's weakness, ETH's performance is obviously stronger, with a controllable pullback, indicating that there is capital supporting it behind. Currently, the price has just pulled back to the upper track of the triangle, which constitutes a key support area.

In terms of trading strategy, the idea is clear. Before the U.S. stock market opens, as long as the price does not experience a significant breakdown, we still maintain a bullish outlook. The ideal entry point is around the lower track of 3010, which is also a dense trading area in the earlier period. Setting the stop loss below 2950 can effectively control risk. The first target is aimed at 3150, which is an earlier resistance area, and it is expected to have certain pressure.

In simple terms, it is to go long relying on the support at 3010, with a stop loss at 2950, and a target of 3150. The movement after this triangular convergence seems to still be in the hands of the bulls, let's wait for the evening market's performance. @俊子爱币