Ethereum Evening Order Strategy (12.6)
1. Good afternoon everyone, I am Chen Mengsheng. The reason I haven't shared trades much these past two days is that there are too many uncertainties, so I've chosen to observe more and speak less, haha. Ethereum, accompanied by favorable non-farm news, has started a rebound, even directly breaking the 4000 mark. We need to pay attention to yesterday's Bitcoin low; it may not be as simple as just pushing to a higher multiple. Perhaps it is testing the buying strength of long positions below. Therefore, we still need to be cautious about the possibility of a low tonight. I don't know if everyone has placed the order at 91600 that I mentioned earlier. Some in our team have profited from this trade. I also did not remind everyone afterward, which is my oversight. The previous high of Ethereum at 4098 is likely to be broken. A 15-minute pullback does not mean encountering significant sell orders, so don't rush into shorts. Don't be in a hurry to enter shorts just because there were no longs taken. Our entry point for this short trade needs to reference the left side weekly K-level resistance near 4140. This position has the potential for a pullback, which is a natural decline. The daily Bollinger Bands lower band indicates the possibility of a peak formation!
2. At the levels, we choose to short near 4135-4165. The stop-loss can be set a bit wider, aiming for around 3750. For BNB, place a short near 740-750, targeting around 677!