ETH, let me talk about the important positions again
ETH, this morning, started to pull back from the 3497 position, and is now below 3430 (the key resistance level of the daily line).
Currently: ETH's hourly chart has a short signal (1 o'clock), and there is no short signal in the four-hour chart.
Next, we will test the support at the 3356 position, which is the lifeline of the four-hour bulls.
Several steps in trading
1: Determine the trend signal (direction)
2: Determine the entry position (with a basis)
3: Determine the stop loss point (to be reasonable)
4: Calculate the number of open positions (position management)
5: Strict implementation
These 5 steps are indispensable, and the order cannot be wrong. It does not mean that you can make money by opening a position casually when the signal appears. If there is no rigorous and detailed trading plan for each opening, you will definitely lose money.
