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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.
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
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.