The previous cycle's ETH trading results were quite good. From a long entry at 3280 to a profit opportunity at 3367, the first-tier investment yielded 87 points; then, continuing to short at 3367, another 87 points of profit was achieved at 3383. The entire operation accumulated a total profit of 174 points, which is a relatively steady pace.
From a technical perspective, ETH's current trend is quite interesting. It has repeatedly tested the support bottom in the 3283-3273 range, establishing an effective support level. The resistance above is clearly formed in the 3383-3402 area. This creates a relatively narrow box pattern with obvious oscillation characteristics.
The upcoming trading strategy is also quite straightforward. If you continue to position long around 3280 on the left side, the targets are 3367 and 3403, with a stop-loss at 3190 below. Conversely, if you short at the 3383 resistance level, the stop-loss is expanded to 3479, and the targets below are 3280 and 3218. This forms a relatively symmetrical risk-reward structure.
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FunGibleTom
· 01-19 04:03
A steady return of 174 points is indeed good, but why do I feel that this kind of box oscillation is most likely to get trapped?
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MidnightGenesis
· 01-19 02:50
174 points steady gains, but I need to monitor the contract flow within this range; the 3280 support is being tested too frequently. I need to see what on-chain data shows.
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just_another_fish
· 01-18 02:11
174 points per cycle, stable is stable, but how long can this buying and selling last?
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SelfCustodyBro
· 01-17 06:13
174 points steady progress, this rhythm is really comfortable, and the key is that there is a symmetrical risk-reward structure to support it.
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PanicSeller69
· 01-16 04:52
Securely taking profits at 174 points, sisters, this is the correct way to open up.
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MEVSandwich
· 01-16 04:43
174 points, this pace is indeed steady. I need to learn how they achieved it.
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DAOTruant
· 01-16 04:39
Hey, this rhythm is steady. Taking down 174 points really gives a good feel.
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P2ENotWorking
· 01-16 04:36
174 points, this rhythm is indeed steady, much better than my reckless moves last week haha
Nice technique, but that 3190 support level is a bit risky, what if there's a black swan
This wave of box oscillation really is giving us money, a versatile rhythm
Long positions lurking around 3280, I've been waiting for this opportunity too
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ServantOfSatoshi
· 01-16 04:23
174 points safely in the bag, this rhythm is really comfortable. Moving back and forth within the range, I just like this kind of regularity.
Is ETH going to test the bottom repeatedly again this time? Waiting for the 3280 breakout.
By the way, that resistance line at 3383, it doesn't seem to be hard to break...
174 points, I wonder how much it would be in USD, but forget it, technical analysis still seems more reliable.
This symmetrical structure, it feels like it’s about to explode every time just by a little.
Range-bound oscillation is the easiest to get trapped in; good luck escaping the top.
The previous cycle's ETH trading results were quite good. From a long entry at 3280 to a profit opportunity at 3367, the first-tier investment yielded 87 points; then, continuing to short at 3367, another 87 points of profit was achieved at 3383. The entire operation accumulated a total profit of 174 points, which is a relatively steady pace.
From a technical perspective, ETH's current trend is quite interesting. It has repeatedly tested the support bottom in the 3283-3273 range, establishing an effective support level. The resistance above is clearly formed in the 3383-3402 area. This creates a relatively narrow box pattern with obvious oscillation characteristics.
The upcoming trading strategy is also quite straightforward. If you continue to position long around 3280 on the left side, the targets are 3367 and 3403, with a stop-loss at 3190 below. Conversely, if you short at the 3383 resistance level, the stop-loss is expanded to 3479, and the targets below are 3280 and 3218. This forms a relatively symmetrical risk-reward structure.