ETH Analysis 2024/09/06

9月5日

https://www.tradingview.com/x/na2V1PxH/


ETHUSDT

Notice: The points are only valid from 2024/09/06 to 2024/09/26

What we have now?
1.The key support and resistances level:

• 2820
  
• 2600
  
• 2400
  
• 2305
  
• 2110
  

What should we do?
1. For Future traders
Open the long position when the price fails to break through the lower support level

TP when the price is close to upper resistance level or TP 50% of your position first, the other 50% for a huge breakout.
SL when the price break through the lower support level and -5% ROI of your asset

Open the short position when the price fails to break through the upper resistance level

TP when the price is close to lower support level or TP 50% of your position first, the other 50% for a huge breakout.
SL when the price break through the upper resistance level and -5% ROI of your asset

When should we close the positions?
8 hours trend is much easier to catch than 24 hours trend, better close it as long as it reach to the support and resistance level.

2. Spot trader
The approach of spot traders is similar to the one mentioned above.

3. Holder
Forget everything I said.

Always put a Stop Loss for your positions!! Trade safe!