ETH: Summary of Red Dead Redemption Community Discussions (08:00:11 ~ 09:00:11)

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1. Current Recommended Direction ETH is currently fluctuating around the key level of 2055. The current trend is bearish, and we are tentatively establishing positions. Pay attention to the resistance at the 2120 daily moving average, which is the dividing line between bullish and bearish trends. A slight pullback is expected in the short term. It is recommended to sell on short and be wary of the risk of a reversal after the rally has been overextended. 2. Position and Risk Management Recommendations: It is recommended to enter the market with a small position, focusing on the resistance levels of 2065 and 2075 as short-term profit targets. The stop loss should be set below the support level of 2050. The trading rhythm should be flexible to deal with intraday fluctuations, avoiding heavy positions and chasing the rise. Short-term quick entry and exit is advisable. 3. Suitable for trading styles: This strategy is suitable for aggressive short-term traders who repeatedly trade in waves by testing key price levels. It emphasizes quick entry and exit, following the trend, and avoiding holding positions for too long. It is suitable for capturing intraday pullbacks and rebounds, and is not a stable medium- to long-term holding strategy.

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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