8.17 Two-Pattern Plan: Short around 1895-1910, stop loss 1920. First target 1875, second target 1860
ETH current price is 1892. The bounce strength over the weekend is still relatively weak, and volume hasn’t kept up. This kind of low-volume pullback looks lively, but it doesn’t have much follow-through. In the 1900-1920 zone, the sell pressure has been repeatedly confirmed—trying to push through in one go will be difficult.
Looking at the hourly chart: the moving averages are still in a bearish alignment, and price is trading below the middle band. Any rebound is just a correction; once the correction finishes, it continues along the original direction. Don’t be fooled by one or two bullish candles—until the structure changes, don’t easily change the judgment.
Focus for the short term:
Overhead sell pressure: 1900-1910
Stop loss: 1920
First downside zone: 1875
Second downside zone: 1860
For execution: around 1901, you can enter directly. Add to the position near 1910 on the rebound. Set the stop loss uniformly at 1920. When the first target 1875 is reached, reduce a portion first; for the remaining position, break-even protection can be maintained, with the stop moved down to watch for 1860. The goal isn’t big—what you’re taking is a segment driven by certainty. Hold it steadily and wait.
The market is tiring, but the direction is clear. Only those who can hold their positions will be rewarded by the market. #ETH $ETH
ETH current price is 1892. The bounce strength over the weekend is still relatively weak, and volume hasn’t kept up. This kind of low-volume pullback looks lively, but it doesn’t have much follow-through. In the 1900-1920 zone, the sell pressure has been repeatedly confirmed—trying to push through in one go will be difficult.
Looking at the hourly chart: the moving averages are still in a bearish alignment, and price is trading below the middle band. Any rebound is just a correction; once the correction finishes, it continues along the original direction. Don’t be fooled by one or two bullish candles—until the structure changes, don’t easily change the judgment.
Focus for the short term:
Overhead sell pressure: 1900-1910
Stop loss: 1920
First downside zone: 1875
Second downside zone: 1860
For execution: around 1901, you can enter directly. Add to the position near 1910 on the rebound. Set the stop loss uniformly at 1920. When the first target 1875 is reached, reduce a portion first; for the remaining position, break-even protection can be maintained, with the stop moved down to watch for 1860. The goal isn’t big—what you’re taking is a segment driven by certainty. Hold it steadily and wait.
The market is tiring, but the direction is clear. Only those who can hold their positions will be rewarded by the market. #ETH $ETH