ETH has been fluctuating for 2 days over the weekend, and has started to decline during the day. If the closing price is below 3800 at 8 AM tomorrow, a short-term high will form on the daily chart. The market may bring a correction thereafter.
The key short-term resistance range remains between 4000-4100. After the first touch, it is now starting to retrace. After the retracement ends, it will continue to test upward. So how do we find trading opportunities in fluctuations?
Pay attention to support levels on the hourly chart during the day.
First support level 3831
Second support level 3678
Third support level 3553
Pay attention to resistance levels
First resistance level 3956-3928
Second resistance level 3985-4000
Third resistance level 4048-4075
Trading is about following the trend, going with the major and against the minor. When the trend comes, take advantage of the favorable wind; be flexible in turning when the trend shifts. Going against the trend is like a mantis trying to stop a car, disrupting one's mindset and trading rhythm.
During the night, as US stocks fluctuate, if there are large fluctuations, friends, remember to take profits often and cut losses decisively. Holding onto positions is meaningless.
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Wishing you successful trading. Thank you!