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$ETH March 22 Short-term Trading Suggestions:
Taking a break today on Sunday, no live stream. Don't panic too much after the big bearish candle this morning. I mentioned in the live room before that we had a big bullish candle last week that hasn't pulled back sufficiently. It's unclear whether the whales will continue pushing up or crash it down for a weekly pullback. I also briefly mentioned in the live room yesterday morning that the weekly pullback support is around 2050. I still need to remind those of you trading futures that in this space, heavy positions and no stop-loss are major taboos. Position sizing determines your mindset!
ETH: Long around 2058-2070 for short-term positions, stop-loss below 2050 bounce, take-profit amount is up to you.
ETH: Short around 2117-2145 for short-term positions, stop-loss breaks above 2160 pullback, take-profit amount is up to you.
Price differences between platforms exist, place orders 2-3 dollars above/below accordingly.
Important Note: The "breakouts" and "breaks" I refer to are based on K-line bodies, not price action breakouts or breaks.
Use light positions and place batch orders at the two levels I provided. For short-term trades using 100x leverage as an example, the strategy is to reduce positions and move to breakeven when hitting 50% profit.
The above strategy is for personal reference only and does not constitute investment advice.
Prohibited: 🚫 Heavy positions and holding against the market!! !