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$ETH The 1-hour timeframe shows a oversold rebound trend, with the price finding support around 3350 before beginning a technical rebound.
Ethereum Trading Core Strategy:
Focus on shorting during rebounds; consider small positions for quick rebounds during sharp declines.
Specific Trading Plan:
【Bearish Side】
- Short on rebound: When the price rebounds to the resistance zone of 3450-3480 and shows signs of stalling with a consolidation candle, initiate partial shorts | Target: 70-160 points+
- Breakout shorting: If the price breaks below 3380 support, follow the trend and short | Target: 30-80 points+
【Bullish Side】
- Catching a rebound during sharp declines: When the price retraces to the support zone of 3380-3400 and shows clear signs of weakening, take small long positions | Target: 3450/3480
- Conditions to chase longs: Only consider small trend-following longs if the price re-establishes above 3500 | Target: 3550/3620
Unified risk management with a 30-point stop-loss:
- Short positions: Place stop-loss 30 points above entry price
- Long positions: Place stop-loss 30 points below entry price
(The above is my personal trading framework and not investment advice.
Currently, the price is around 3416 with a technical rebound underway, and EMA5 is starting to turn upward. I am prepared to short around 3450, with the first target at 3380 and the second at 3350! Technical correction is ongoing, but the larger cycle remains bearish. $ETH #Range-bound consolidation