Joao Wedson

5.15 ETH Market Analysis $ETH Last night’s price action was quite smooth, and the levels I called hit perfectly. I went long around the 2230 support zone, and this morning it peaked at 2318, so I managed to grab a decent chunk of profit. The neighboring trader also called the entry early, and we both netted about 90 pips on the long trade. After taking profits on the long, I flipped and shorted near 2300, and it dipped below 2260, netting me another 40 pips on the short. I caught both waves, so the rhythm was solid. Looking at the charts, ETH is currently stuck in a big triangular range between 2230 and 2400, with no effective breaks either way. My short-term strategy remains unchanged; I'm looking to short at higher levels on any rebounds, no need to mess around in the middle. Today's trading strategy reference: Long opportunities: Wait for a retracement to the 2200-2230 area before entering, targeting 2300-2350, with a stop-loss at 2150. Be cautious when going long at this level since it’s at the lower edge of a big range. Short opportunities: Look for resistance signals in the 2380-2350 range on a rebound to short, targeting 2280-2230, with a stop-loss at 2430. High-level shorts are the main strategy, and the risk-reward ratio is reasonable. The market changes quickly, and levels are just references; once we hit those levels, make sure to assess the current market signals before deciding to enter. Keep your stop-loss in check and don’t hold onto losing positions; no one can achieve 100% success in this game. #MoscowExchangeCryptoTrading