$ETH 3.28 Dayong's midday thoughts: The 1H level continues to oscillate below the EMA20, with buying depth significantly weaker than selling, and insufficient willingness to support funds. After the 4-hour MACD death cross, it continues to decline, and the price has broken below the Bollinger middle track, indicating a weak structure.
Suggested operations:
Entry/Order: 1970 - 1975 area
Stop loss: 1999
Target 1: 1935
Target 2: 1900
Trade management:
- Execution strategy: After the price reaches the first target, move the stop loss of the remaining position down to the entry price to lock in profits. If the price rebounds to the entry area and shows a sign of stagnation, consider increasing the position.
The position size remains stable but the price is declining, indicating weak support from bulls and dominant active selling pressure. The 1-hour RSI hovers around 35 and has not entered extreme oversold territory, still allowing for downward space. Market data shows that sell orders are accumulating in the 1988 to 1990 area above, and the rebound resistance is clear. In this environment, the risk-reward ratio is better than blindly bottom-fishing.
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