ETH Intraday Strategy

Yesterday, I already told everyone that if the price continues breaking downward, focus on around 2330; once it breaks below and the pullback fails to effectively hold, the downside space will be very large, and the trade can be held for a while.
Today at 11:30 in the morning, the price just happened to touch the 2330 level, right along the edge of the upward channel. Also, compared with Bitcoin, Ethereum’s upward momentum is significantly on the weaker side—Bitcoin keeps setting new highs, while Ethereum has only been fluctuating by a few dozen points.
Bearish Strategy
Pay close attention to around 2310. If a bearish K-line forms here with a long upper shadow, and it’s accompanied by an increase in trading volume, you can try to set up a short position, with the stop loss around 2360. Although the stop loss for an intraday trade isn’t small, the profit space below is indeed very considerable, so the risk-reward ratio is still quite good.
Bullish Strategy
You can consider going long around 2320. The first target is 2360; after a breakout, look again to 2385. Set the stop loss around 2305. However, in a single-day market, the bullish side is overall relatively weak, so when entering a long trade, you must control your position size—don’t go heavy. #WCTC交易赛瓜分800万USDT #孙宇晨起诉WorldLibertyFinancial