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$ETH March 22nd Short-term Trading Suggestions:
Today is Sunday, taking a rest day, no live streaming. Don't panic with the big bearish candle this morning. We mentioned in the live room before that we had a big bullish candle last week, and the pullback hasn't been sufficient yet. We're not sure if the dealer will continue pulling up or smash it down for a weekly pullback. We also mentioned it briefly in the live room yesterday morning - the weekly pullback support is around 2050. Still need to remind all the futures trading veterans: in this space, doing futures with heavy positions and no stop loss are major taboos. Position management determines everyone's mindset!
ETH: Long positions around 2058-2070 for short-term longs, stop loss if breaks below 2050 then bounce, profit target up to you.
ETH: Short positions around 2117-2145 for short-term shorts, stop loss if breaks above 2160 then retest, profit target up to you.
There are price differences between platforms, adjust 2-3 USD up and down to fill orders.
Note: The breakthrough and breakdown I mention are based on K-line body, not price action breakthrough or breakdown.
The two points given by the host, place orders in light positions with batch entries. For short-term trades, use 100x leverage as an example, the format is: take profits at 50% gains and move to breakeven.
The above strategy is only personal opinion and not investment advice.
Prohibit 🚫 heavy positions and holding against the trend!!