Small fluctuations over the weekend, cautious to chase the price!! 6.8 BTC ETH strategy
The market fluctuated little on Saturday. Although there was a slight rise, it was also relatively weak. The short positions from yesterday were closed with a small profit to break even. The later short positions are currently at a small loss. If there was no sight of ETH around 2640, otherwise, with additional buying, there could be a small profit now!
From a technical perspective, the daily line has closed with a small bullish candle in the morning, currently showing two consecutive bullish candles. The closing is below the 20-day moving average, so pay attention to the levels of 106000 and 106500 during the day. If it can't break through, a pullback is likely. After all, over 100 million flowed out of the spot ETF this week, so one can consider shorting at high positions during the day! Upper resistance levels to watch are 106000, 106500, and 107000, while lower support levels are 105000, 103800, 103000, 102000, 101000, and the 100000 mark.
6.8 BTC trading strategy: Aggressive traders enter short at the current price of 105500 on the rebound, while conservative traders enter at 105800-106200, with a stop loss near 106500. The target is set around 103800-103500-103000, with a breakdown target around 102500-102000-101500. Continue to hold on further breakdown and assess the situation!
6.8 ETH trading strategy: Aggressive traders enter short at the current price of 2520, conservative traders enter around 2550, with a stop loss near 2580. The target is set around 2450-2430-2400, with a breakout looking at 2380-2350.
Long position strategy: BTC intraday pullback 101500-102000 buy once, defend around 101000, target looks at 102500-103000, break position looks at 103500-104000.
ETH retraces to 2380-2400 for a long position, defend around 2360, target around 2430-2450, if it breaks, move the stop loss according to the situation!
If the direction is right, slowly move the stop loss to increase the profit space. If wrong, manage the stop loss well and do not hold the position. Small losses and small gains are very normal; as long as there are no large losses, big gains can lead to a turnaround! #加密市场回调#
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
6 Likes
Reward
6
1
Share
Comment
0/400
ConanTrendIsKing
· 06-08 02:16
The short order has returned to profitability. Everyone who is following should hold patiently and set stop losses to control risks!
Small fluctuations over the weekend, cautious to chase the price!! 6.8 BTC ETH strategy
The market fluctuated little on Saturday. Although there was a slight rise, it was also relatively weak. The short positions from yesterday were closed with a small profit to break even. The later short positions are currently at a small loss. If there was no sight of ETH around 2640, otherwise, with additional buying, there could be a small profit now!
From a technical perspective, the daily line has closed with a small bullish candle in the morning, currently showing two consecutive bullish candles. The closing is below the 20-day moving average, so pay attention to the levels of 106000 and 106500 during the day. If it can't break through, a pullback is likely. After all, over 100 million flowed out of the spot ETF this week, so one can consider shorting at high positions during the day! Upper resistance levels to watch are 106000, 106500, and 107000, while lower support levels are 105000, 103800, 103000, 102000, 101000, and the 100000 mark.
6.8 BTC trading strategy: Aggressive traders enter short at the current price of 105500 on the rebound, while conservative traders enter at 105800-106200, with a stop loss near 106500. The target is set around 103800-103500-103000, with a breakdown target around 102500-102000-101500. Continue to hold on further breakdown and assess the situation!
6.8 ETH trading strategy: Aggressive traders enter short at the current price of 2520, conservative traders enter around 2550, with a stop loss near 2580. The target is set around 2450-2430-2400, with a breakout looking at 2380-2350.
Long position strategy: BTC intraday pullback 101500-102000 buy once, defend around 101000, target looks at 102500-103000, break position looks at 103500-104000.
ETH retraces to 2380-2400 for a long position, defend around 2360, target around 2430-2450, if it breaks, move the stop loss according to the situation!
If the direction is right, slowly move the stop loss to increase the profit space. If wrong, manage the stop loss well and do not hold the position. Small losses and small gains are very normal; as long as there are no large losses, big gains can lead to a turnaround! #加密市场回调#