$ETH 12.11 No., Ether intraday operation analysis, considering that the price has fallen back from a high position and dropped to a key support area, directly chasing shorts carries a high risk. A more prudent strategy is to wait for the price to rebound near the resistance level before deploying short positions.
1. Shorting order area, 3260 - 3280 logic This area is a potential resistance area for the price after breaking below the previous consolidation range around 3330 and rebounding for retest. Located at the current Bollinger band middle track 3231, between the upper track 3318, it is a reasonable target for the rebound.
Specific operations:
Place orders in batches around 3270 for short positions.
Set the stop-loss price above 3330, such as 3340, which is above the key position where previous support turns into resistance.
Target price:
First target: near the previous low of 3165. Second target: 3143 Bollinger band lower track, if broken, can look to below 3100.
Alternative aggressive strategy, if the price rebounds weakly, fails to reach the aforementioned area, but instead chooses to bear pressure near the middle track of 3230 and shows a bearish candlestick pattern, such as long upper shadow, bearish engulfing, can also consider lightly shorting at this position, but the stop-loss must be tightened, such as above 3250.
If the price directly breaks below 3143 and continues to weaken, consider chasing shorts with a small position, but the stop-loss should be placed above 3165. A strong rebound breaking through 3330 and stabilizing would pause the bearish outlook and require reassessment. Adjust specific points based on personal positions and risk tolerance.
2. If you must take a long position, you can adopt the following plan:
Preferred strategy right side:
Patiently wait for the price to break through and stabilize at 3231, wait for a pullback confirmation, then enter long in the 3220-3225 area. Stop-loss at 3210, target 3,280.
Alternative strategy left side, high risk:
When the price touches 3160 and a 5-minute level bullish reversal pattern appears, lightly try to go long.
Stop-loss at 3138, target 3230. The current market is in a bearish-dominated adjustment period, and going long requires more patience and more rigorous signal confirmation.
