December 5 Analysis
$ETH
1. Long Strategy (Trend-Following Buy on Dips)
- Entry Conditions: Price pulls back and stabilizes in the $3,080-$3,100 range, 4-hour MACD maintains a bullish crossover, and volume contracts then expands moderately.
- Entry Range: $3,090-$3,110.
- Targets: First target $3,200 (reduce position by 50%), second target $3,350 (hold remaining position), extreme target $3,500.
- Stop Loss: Below $3,040 (breaks short-term support band, pattern invalidated).
2. Short Strategy (Counter-Trend Sell on Rallies)
- Entry Conditions: Price tests resistance at the $3,200-$3,25