ETH 1-Hour Cycle

Ethereum Trading Core Ideas:
Primarily buy on dips, be cautious with short positions during rallies
Specific Trading Plan:
Bearish Side
Buy on dips: When the price rebounds to the resistance zone around 2402-17 with a stagnation candlestick, enter short positions in batches | Target: 30-120 points+
Conditional short: When the price breaks below support around 2370/2347, enter conditional short positions | Target: 3-60 points+
Bullish Side
Rapid rebound after sharp decline: When the price drops sharply to the support zone around 2364-2376 with obvious exhaustion of momentum, take small positions to catch the rebound | Target: 30-120 points+
Conditional long: When the price breaks above 2424/2465/2500, enter conditional long positions | Target: 3-60 points+
Unified risk control with a 30-point stop-loss:
Long positions: stop loss 30 points below entry price
Short positions: stop loss 30 points above entry price
( The above is a personal trading framework, not investment advice.
Resistance level: around 2522
Support level: around 2360
Use a dynamic take-profit strategy (30-120 points+)
Adjust take-profit levels flexibly based on market strength
Recommend taking profits in batches to lock in gains $ETH