$ETH The 1-hour timeframe shows a technical rebound after an oversold condition, with the price recovering from lows and testing the resistance zone around 2920-2970. The overall structure remains in the correction phase of a bearish trend.



Ethereum Holy Spirit Trading Core Strategy:
Focus on shorting at resistance levels during rebounds, and lightly position for rebounds on pullbacks at support levels.

Specific Trading Plan:

Bearish Direction
Rebound Shorting: When the price rebounds to the resistance zone around 2970-3000 and shows signs of stagnation with a K-line, short in batches | Target: 30-120 points+
Breakout Shorting: When the price breaks below support around 2850, follow the trend to short | Target: 30-120 points+

Bullish Direction
Pullback Buying: When the price pulls back to support around 2850-2880 and shows clear signs of exhaustion, buy in batches | Target: 30-120 points+
Breakout Buying: When the price stabilizes above resistance around 3000, follow the trend to buy | Target: 30-120 points+

Unified Risk Control with a 30-point Stop Loss:
Short positions: place stop loss 30 points above the entry price
Long positions: place stop loss 30 points below the entry price
ETH0.58%
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0xBitvip
· 12-19 04:17
Thanks for sharing your thoughts
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