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ETH August 17 3 PM Strategy Update:
1. Short selling:
a. Below 4591, 4-hour close with a bearish candle to open a short position.
Protection level: 4668 or cost loss
Remember to establish a short position only when there is a 4-hour bearish candlestick, and to watch for a bullish candlestick.
b. 4533 halving position, move down the protection cost price
2. Go long:
a. Build long positions in batches above 4360
Protection position: 4360
Only build long positions on 4-hour bullish candlesticks, hold back on bearish candlesticks.
b. Reduce the position near 4533 by half, move the protective stop up to the cost price.