Ethereum Daily Chart Strategy and Layout!!


Ethereum is roughly oscillating around 2440-2390, and there’s not much market movement on Saturday.

1. Daily chart short position, short around 2440-2445, stop loss at 2460, take profit at 2410-2393.
2. Daily chart long position 1, enter long at 2390, stop loss at 2380, take profit at 2415-2435.
3. Daily chart long position 2, enter long at 2375, stop loss at 2350, take profit at 2415-2435.
3. Weekly chart short position (placed in advance): short at 2500-2520, stop loss at 2555, take profit at 2410-2365—2315.

Remarks:
1. If those trapped can rebound to around 2440 today, they should add to their position near 2440 to bring the average price above 2400. It shouldn’t be hard to exit the position today or tomorrow! Ethereum has recently pulled back to around 2375-2385.
2. Those trapped can also wait until next week to add at around 2510, bringing the average price to 2400-2450. At around 2510, a 50-100 point pullback is possible, and controlling liquidation price at 2600 is very safe!!
2. Major resistance above Ethereum is around 2475 and 2510. Usually, no new highs will appear on Saturday and Sunday. Rest assured to short-term trade. After oscillating sideways at high levels over the weekend, it may pull back to around 2375. Next week, it might reach around 2475 or 2510. At 2510, we should preemptively set up heavy short positions!
ETH0.92%
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TheMiddleWayIsUnderstood
· 1h ago
The teacher's daily loss was one, and it cascaded down 🤕
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GateUser-861d61f6
· 5h ago
2421 has been trapped.
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GateUser-861d61f6
· 5h ago
Is a long position dangerous now?
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