ETH/USDT intraday trading strategy
Current price: 3,604.66 USDT
Period: 1 day
Trading strategy
Buy low strategy (long order)
Entry price: 3,550 - 3,570 USDT
Take profit price: 3,650 - 3,680 USDT
Stop loss price: 3,530 USDT
Position: 15% of funds
Trading type: spot or contract
Leverage: 3x
Strategy logic
Observation from the chart:
1. EMA moving average:
1-hour chart: Short-term EMA (7) and medium-term EMA (25) are in a short position, but the price has some support near EMA (99), and there may be a rebound opportunity in the short term.
4-hour chart: EMA (7) crosses below EMA (25), and the price falls back to near EMA (99) in the short term, which is weak overall.
Daily chart: EMA (7) is still above EMA (25), and the long-term trend remains bullish, but attention should be paid to the magnitude of the current pullback.
2. MACD:
The MACD of the 1-hour and 4-hour charts are both negative, indicating that the short-term downward momentum is strong, but it is gradually shrinking in the low area, and a rebound may be brewing.
The MACD of the daily chart is still positive, and the long-term trend is bullish.
3. RSI:
RSI is close to the oversold area in both the 1-hour and 4-hour charts, indicating that a technical rebound may occur in the short term.
4. Trading volume:
The trading volume shrinks during the price decline, indicating that the downward force is gradually weakening, and the probability of a short-term rebound is high.
On the whole, ETH may first pull back to the 3,550-3,570 range in the short term, and there is a rebound opportunity after stabilization.
Sell-high strategy (short order)
Entry price: 3,650 - 3,680 USDT
Take profit price: 3,570 - 3,550 USDT
Stop loss price: 3,700 USDT
Position: 15% of funds
Transaction type: contract
Leverage: 3x
Strategy logic
1. Resistance observation: 3,650 - 3,680 area is an important resistance level for short-term rebound. The 1-hour and 4-hour charts show that the price has been under pressure in this area many times. If it cannot break through, it may fall back again.
2. RSI and trading volume:
If RSI shows signs of overbought (>65) above 3,650, combined with the failure of trading volume to expand, it indicates that the upward momentum is insufficient.
3. Daily indicator: The trend of the daily chart is still bullish, but the short-term stagnation in the resistance area will provide short opportunities.
Conclusion
Long orders mainly: It is recommended to buy low when the price falls back to the 3,550-3,570 range, with the target at 3,650-3,680 USDT.
Short order support: If the price rebounds to the 3,650-3,680 range and fails to break through, you can try to sell high with a light position.
Strictly stop loss and take profit! $ETH