1. Current Recommended Direction - ETH faces key support and resistance in the short term. If it can close above the previous high (rVAL) again, dLow may be confirmed, and a tentative long position is preferred. However, rVAL is currently under pressure, and there is a risk of overextending the rally. It is recommended to carefully observe for pullback signals. - Also pay attention to the remaining buy orders in the 3-minute order book, which suggests that the short-term bulls are still active, but it is not recommended to blindly intervene at this time. Wait for a clear breakout or pullback confirmation. 2. Position and Risk Management Recommendations - It is recommended to place a small initial order to observe whether ETH can hold the key VWAP and rVAL areas. Once the breakout is confirmed, you can gradually increase your position. - Stop-loss points should be placed below dLow, and take-profit should be adjusted according to the strength of the breakout. Short-term trading requires a quick response to price fluctuations to avoid sharp drops after a rally. - Pay attention to the sweeping action of BTC against dLow as an auxiliary risk control signal, with the time window concentrated on short-term fluctuations at the 3-minute level. 3. Adapt to trading styles This strategy is suitable for aggressive short-term traders, emphasizing quick entry and exit, and using VWAP and order book microstructure to capture short-term rebound or pullback opportunities. - It is not advisable to hold positions for too long. If ETH cannot effectively hold its key levels, it is recommended to quickly cut losses and exit the market, and wait for a clearer signal before re-entering. - Currently, there are no obvious medium- to long-term catalysts, and the trading rhythm depends on the short-term price structure and micro order book dynamics.
ETH: Summary of Jayson Casper community discussion (04:00:09 ~ 05:00:09)
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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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