1. Current Recommended Direction ETH failed to reach a higher high during the day, so chasing the long in the short term is not advisable. It is recommended to wait for a higher high to emerge during the London or New York trading session before attempting to buy on a long, reflecting the strategy of "first observing the upward momentum, then catching the pullback." Currently, it is in an entry zone, suitable for tentative position building, avoiding blindly chasing the price upward. 2. Position and Risk Management Recommendations: It is recommended to enter with a small position or a trial order. Avoid heavy positions and wait for confirmation of a higher high before gradually adding to the position. There are currently no specific stop-loss or take-profit points. Focus on price performance during the London and New York sessions and use pullback windows to control risk. Emphasis is placed on "first a rise, then a pullback; the pullback is the buying opportunity." 3. Suitable for Trading Styles: This strategy is suitable for conservative short-to-medium-term traders who prefer to wait for confirmation at key time points before quickly entering and exiting positions. It is not advisable to aggressively chase rising prices or hold positions for too long. Based on the market rhythm catalysts during the London and New York trading sessions, it emphasizes "patiently waiting for confirmation of the high point; pullbacks are the windows to escape."
ETH: Vivian-BTC Daily Community Discussion Summary (03:00:09 ~ 04:00:09)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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