ETH Intraday Trading Strategy



Current Trend:

1H Downtrend Rebound

Trade Direction:

Buy on rebound, sell short

Suggested Entry Price:

2298

Suggested Take Profit Prices:

TP1 2282

TP2 2266

Suggested Stop Loss Price:

2312

Trade Entry Rationale:

1H Rebound did not break the bearish structure

15M Reached the previous high resistance zone

5M Waiting for weakening signals

Early Exit Conditions:

5M Volume increases and breaks above 2305

15M Close above 2300

Rapid pullback after falling back to 2282

Strategy Order Cancellation Conditions:

Do not chase short if it directly breaks below 2282

Strong breakout above 2305 on 15M

After a pullback to 2290 on 5M, volume continues to rise and price moves higher

Profit and Loss Ratio:

TP1=1:1.14

TP2=1:2.29
ETH-0.61%
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ThePriceActionOfShanFeng
· 53m ago
Hop on now!🚗
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