8.19 ETH strategy$ETH
After surging to 1922.72, the price came under pressure and pulled back. It is currently moving sideways within the range, with the blue line at 1917.10 above acting as strong resistance.
The price is oscillating back and forth among the moving averages, with bulls and bears yet to establish a direction, indicating high-level consolidation.
MACD: Both lines are flattening, and the red and green bars are relatively short. Bullish and bearish momentum are balanced, with no clear one-sided force.
Entry:
Conservative: Go long after a pullback to around 1890–1910 stabilizes
Aggressive: After a short-term bottoming signal, cautiously go long around 1911–1912 with a small position
Stop-loss: Exit effectively if 1884 breaks below the previous low
First target: Reduce the position by half upon reaching 1917–1922
Second target: 1930
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8.19 ETH $ETH @Silk Road Analysis and Strategy
Trading recommendation: Range-bound long (go long on a pullback after a decline)
Trading range: Go long after a pullback to 1890–1900 holds (if it rises to 1924 but fails to hold, go short with the trend)
Stop-loss level: 1870 (short-term support; if it breaks below and then regains stability, the long setup is invalidated—go short with the trend)
Take-profit levels
Take-profit 1️⃣: Around 1920
Take-profit 2️⃣: Around 1925 (after breaking through and holding above the first take-profit level 🉑👀)
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