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Today's Ether trading idea: Battle of bulls and bears, the tipping point for bulls and bears. Is it a rebound or a reversal? Both large and small scales are converging. In the future, there will be a one-sided move regardless of up or down; manage your position well. If you make a mistake, it can be said that one is in the sky and the other is on the ground. Currently, it is in a sideways consolidation until the 2, 3, 4, and 6-hour large scale convergence. For a bullish outlook in the future, it must re-establish above the daily chart, the 2-day middle band, and the 4 and 6-hour must reopen.
Today, focus on the 2-3 hour upper and lower bands. Breakout on one side, trade on that side. Also pay attention to whether the moving averages are in a bullish alignment at key levels 3050/3080 3110.
Observation 1 Bullish: Is the large-scale adjustment a bullish arrangement? Are the 5 and 10 moving averages above the 30 line? Is the small scale breaking through the bull-bear boundary?
B: Observe whether the Bollinger Bands are above the middle band on a larger time frame and whether the intermediate time frame has chosen to open.
Key levels 3000 3030/3050/ 3080 3130/3150 3250 3330
Play the strings: According to the 2-hour Bollinger Bands, play the strings on the breakout side. Key points: 3000, 2950.
Breakthrough single: 3000 2-hour upper band breakout🉑 look at 3030/3050/3080
Breakthrough single two: 3030/3050 daily chart middle band 4 6 hours upper band bet on it opening steady 🉑 look at 3080 3100 3130
Breakthrough single three: 3150, breakthrough can look at 3170/3180/3200 3280 3330
Breakthrough single four: Break through 3280 3330 🉑 bullish 3350/3380 3400 3440 3500 3550 3600
On the contrary, the bulls fail and turn down.
Observation A: The intermediate level broke below the middle band of Bollinger Bands at 2970 and broke below the lower band at 2950.
B: Is the moving average turning down to form a secondary bearish?
Break below: 2950/2930, break below 🉑 look at 2900, 2880, 2850
Break below 2800: 2770 is a possible support level.
Breaking below three: 2770 may look at 2660 2620 2550 2480 2380 2250
A breakout must be accompanied by a stop loss of 10-15 points.
You can choose 1% for the position for the first time, and if it breaks through several times, you can choose 2%.
Break down and break through, resistance and support transform into each other.