ETH
Ethereum current price 3391, indeed the descending triangle on the 15-minute K-line is a short-term trap indicator, the K-line has effectively failed to break through the EMA30 neckline after a pullback, the resistance point is at 3320, if this position breaks upward, we can consider continuing to build long positions, rather than shorting here. Looking at the order book,
The daily K-line has formed a double top situation that has falsely broken the previous high and is pushing towards 3500, with effective pullback at the neckline below for long positions. EMA15 trend support to watch is at 3170, MACD volume continues to increase, Bollinger Bands upper track to watch is at 3580, middle track support reference is at 3120. The overall trend remains in a bullish channel, since we know the trend is upwards, all short indicators are defined as trap indicators. Find positions to build long at support points, and then just manage stop losses. If wrong, cut losses without hesitation; if right, hold and aim for the previous high.
The four-hour K-line has continuously held the support point after pulling back to the EMA30 support point at 3300, clearly establishing support. MACD volume has decreased while accumulating positions. Bollinger Bands are contracting, with the first pressure point on the middle track to watch at 3360, upper track pressure point to watch at 3450, lower track support reference at 3475. The overall trend remains bullish, especially as the volume decreases and the chips in the order book begin to concentrate, with main funds also flowing in. The strategy is to position according to the upward trend, going with the flow.
Short-term reference: Holding long at 3320, safety first. Remember that the market is never 100% certain, so always manage stop losses. Safety first; the goal is to minimize losses while maximizing profits.
