3.29 Sunday Dahe Evening Market Analysis: $ETH 1 Level H has repeatedly oscillated in the 1993-2005 range, with buy orders stacking significantly around 1997, but active selling pressure continues. The 4H level has broken below the EMA50 lifeline, indicating a trend reversal to bearish, but the 1H level RSI hovers around 38, not entering extreme oversold territory. The MACD 1-hour level histogram is still expanding downward, and bearish momentum has not yet exhausted.
Operational Suggestion: Go Long
Entry/Limit Order: Set long positions in the 1982 - 1985 range
Stop Loss: 1952
Target 1: 2120
Target 2: 2187
Trade Management:
- Execution Strategy: Reduce half of the position after the price reaches the first target, move the stop loss of the remaining position to the entry price. If the price cannot stabilize above the 2000 round number, consider exiting early.
Position size remains stable, and there has been no large-scale liquidation during the price decline, indicating a relatively solid chip structure. The negative funding rate suggests a short-term advantage for bears, but this also lays the groundwork for a potential short squeeze. The lower Bollinger Band on the 1-hour chart is forming a pull near 1990, combined with the 4-hour price having touched the lower half of the Bollinger Band, the short-term downward space is compressed. The risk-reward ratio exceeds 4:1, this position is worth taking a limited risk to bet on a bullish rebound.
Personal suggestions are for reference only, trading involves risks, and investment should be cautious! Pay attention to position control, staying alive is more important than anything else.
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