Today's #ETH🔥🔥🔥🔥
Strategy long and short general operation direction!
5-minute time frame:
Resistance zone: The price encountered resistance at $2370-2380, and failed to break through many times. The resistance at this position is quite strong!
Support zone: The price rebounded many times in the $2334-2336 area. Today's bulls still have some buying, but it is still too weak.
So what to do?
Target strategy:
Go long, and go long after the price breaks through and closes above the $2370 resistance zone to confirm the breakthrough.
Target 1: $2400
Target 2: If the momentum continues, aim for the next important resistance level of $2425.
Stop loss is set below the $2334 support zone.
What is the situation of shorting? When the price fails to break through the resistance level and falls back to the $2334 support level and falls below it, you can go short.
Target 1: About $2300.
Stop loss is placed above the $2,370 resistance area to prevent a bullish reversal.
