Intraday trading strategy:



12:40 analysis:
From the current ETH market perspective, looking at the 1-4 hour trend, I am temporarily bullish, aiming upwards towards around 4182-4290, and downwards towards 4050-60. If there is a valid breakout, this wave of upward rebound will end, leaving more space below. Day trading should focus primarily on low longs, and entry can be considered around 4060 with a 30-point stop loss. The trading strategy remains the same, first considering low longs. If doing short-term or ultra-short trades, the priority should be low longs. If the position is not good, control the position size, and keep the stop loss unchanged at below 60 plus 30 points. Monitor the market based on patterns, as a reasonable stop loss is much better than a small one. There are some market conditions where choosing not to trade is advisable, especially during the unclear direction seen in yesterday's weekend fluctuations. This is my deepest realization over the past few days.

BTC Bitcoin has currently broken through the downward trend line, and from the 1-4 hour perspective, it is also showing an upward structural pattern. Therefore, the first choice is to go long at a low point. Above, we can see around 113200, which is also a dense trading area and the 50% position of the Fibonacci sequence, offering a profit of 2000 points. Therefore, entering around 110700-800 would be better, with a stop loss of 500 points.
I will often share trading strategies; having a strategy will make things clearer, and I will also operate according to the trading strategy.
Try to keep your hands steady, avoid emotional trading, and don't rush.
ETH2.08%
BTC0.94%
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JackCoinMillionvip
· 09-29 07:23
Steadfast HODL💎
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