ETH early trading - multiple resonance points, more flat, more bullish after breaking through!
From the daily level, we can see that the current resistance position is around 3220, multiple resonance points, where is the resonance? The neckline position of the historical market, the resistance position around 144 and 169 of the daily Vegas channel, the suppression of the oblique key position, in this case, even if you don’t short, you don’t open more, the risk is too great, there is almost no basis for opening more, and the volume has been shrinking and rising in the past few days
From a small level, there is also a potential head and shoulders pattern. As we all know, the "head" of the head and shoulders cannot be broken, that is, 3214. On this basis, a left order can be obtained
Observe in 15 minutes. As long as the current pullback does not break the previous high of 3202, you can enter the market. The stop loss is the previous high, but only on the left side, with a light position on the left and an increased position on the right side
The stop profit is placed at the current market low point around 3150, which is also the small-level support level. Only after breaking it can we see the 3060 area
On the right side, after breaking the neckline of the head and shoulders pattern, it is around 3060. If the neckline is not broken, the bearish signal is issued, which is a trading opportunity. The support below is around 2888, which is also the stop profit position
