$ETH 1H Level Support and Resistance Overview: Currently in an ascending wedge that has transitioned into a channel. There is a 4H downtrend line above, a 2105 resistance level, and triple resistance resonance in the hourly Vegas channel. For hourly and higher timeframe long positions, focus on the support levels 1-2-3 for phased entry. Short-term short positions can once again be established near the 2105 resistance level.
🚨 Three good habits for short-term position management: When you're unsure whether to take profits, directly close half of the position and set a break-even stop for the remaining, which is always correct; after some floating profit, habitually set a break-even stop or move the stop-loss, this is the baseline and should not be mistaken for floating loss; take-profit targets are always just a plan, do not become overly committed to the target for closing. 🚨 Position allocation ratio suggestions for scaling in: Second position entry ratio: 3:7 or 2:8 Third position entry ratio: 2:3:5 Fourth position entry ratio: 1:2:3:4 🚨 Do not place orders with round numbers
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$ETH 1H Level Support and Resistance Overview: Currently in an ascending wedge that has transitioned into a channel. There is a 4H downtrend line above, a 2105 resistance level, and triple resistance resonance in the hourly Vegas channel. For hourly and higher timeframe long positions, focus on the support levels 1-2-3 for phased entry. Short-term short positions can once again be established near the 2105 resistance level.
🚨 Three good habits for short-term position management:
When you're unsure whether to take profits, directly close half of the position and set a break-even stop for the remaining, which is always correct; after some floating profit, habitually set a break-even stop or move the stop-loss, this is the baseline and should not be mistaken for floating loss; take-profit targets are always just a plan, do not become overly committed to the target for closing.
🚨 Position allocation ratio suggestions for scaling in:
Second position entry ratio: 3:7 or 2:8
Third position entry ratio: 2:3:5
Fourth position entry ratio: 1:2:3:4
🚨 Do not place orders with round numbers