Tong Ge 5.12 ETH Strategy



Daily timeframe: The price remains above the middle Bollinger band at 2240, MACD shows small red bars shrinking but no death cross forming, RSI stays at 53 in the neutral zone, with no trend reversal signals, the upward channel is intact.
4-hour timeframe: Retraced from the high of 2422, MACD has formed a short-term death cross, which is a normal correction, the lower Bollinger band at 2287 is a strong support, the middle band at 2363 is a short-term resistance.
1-hour timeframe: After a rapid decline, RSI has dropped to 35, approaching oversold, KDJ shows a golden cross turning point, a violent rebound could start at any time.
Trading Strategy
Entry: 2280-2300
Stop Loss: 2260
First Target: 2345
Second Target: 2380
ETH-2.5%
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