Sunday US market is closed, and these two days ETH futures may present better trading opportunities. From a technical perspective, there are signs of whale activity around 3350. If a move targets this level and there is enough momentum, it could push to the 3370-3380 range, with a potential extension up to around 3420.



How to operate specifically? If there is a spike and an upward attack on 3350, the key is to observe the 1-hour candlestick. Once it reaches near 3370-3380, watch for a pin bar signal. Confirming a pin bar could be a signal to consider shorting, but if you want to be more cautious, wait for a clear double top formation on the second 1-hour candle before entering, which can improve the win rate. The stop-loss can be set based on your risk tolerance, either at the first pin top or the second pin top.

Another scenario is—if after moving up, the price breaks through 3380 with high volume and pushes past 3400 without resistance, then pay attention to whether there will be resistance around 3420. If it encounters resistance, a pullback might follow.

But the most important point: if there is no upward momentum tonight and tomorrow morning, don’t force trades. The best approach is to wait until the upward move completes and the trend is confirmed, then follow the trend on the right side with a momentum trade. This way, the risk is more manageable.
ETH-1.5%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments