Brother Tong's 5.14 ETH Strategy


$ETH After dropping from the high of 2322.68, it is currently in a weak rebound phase after a decline, with extremely diminished rebound volume, dense trapped positions above, and no large funds entering to support. Every rebound is an opportunity to short:
A complete downward channel has formed on the 4-hour chart, MACD death cross continues, green bars keep enlarging, and short-term downward momentum has not been fully released.
The 2280-2300 range was a strong support level previously, now it has turned into a strong resistance level, and there will be heavy selling pressure upon touch.
On the daily chart, KDJ is turning downward, RSI is in a neutral to weak zone, with no sign of stabilization.
Entry: 2270-2300
Stop loss: 2320
First target: 2230
Second target: 2200
ETH-1.37%
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