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$ETH Right now, the mainstream is constantly oscillating back and forth and has not broken out into a single-direction trend, so the space for actionable trades is relatively limited.
Basically, within the day, you need to wait until the US stock market opens before looking for range support or resistance to set up a trap.
From the recent inflows of Ethereum spot ETF funds, although this week has been positive inflow, the overall rebound strength is very weak. The bear squad keeps using macro headlines to wash the futures market back and forth (settle for a moment, then start again).
So in the absence of a one-way trend, making swings by going long near intraday support and short near resistance is more sound. This will heavily test a person’s experience, technical reading, and market feel.
If you’re trading altcoins, the recent volatility has been relatively high: BANK, $UB $RE When there is a volume breakout and expansion, you can still follow the main force and enter in line with the trend.