$ETH 9.17
Around 2418, within the last 15 minutes, the market is still oscillating. It’s just riding along the upper Bollinger Band at 2421.9, so it isn’t suitable to chase a long entry directly. External market technical levels also treat 2420–2430 as a short-term resistance zone.
This is what I would do:
Long positions:
Entry: 2398–2408
Stop loss: 2385
Target 1: 2420
Target 2: 2430–2445
If it pulls back to around 2400 and holds firmly, it would be more comfortable to enter. Chasing at 2418 right now doesn’t offer a very good risk-reward ratio.
Short positions:
Entry: 2425–2435
Stop loss: 2450
Target 1: 2408
Target 2: 2390
If it breaks below 2390, then look toward around 2360.
I’m currently focused on two levels: 2400 and 2430.
In simple terms: above 2400, you can still play rebounds. If 2430 can’t be broken through, don’t force a chase. If there’s real volume and price establishes above 2430, then the short idea should be canceled.
For tonight’s type of market, the most likely behavior is the market poking up and down with wicks. Don’t place stop losses too close. The current 15-minute low is around 2358. Structurally, it’s only truly weakening after 2400 is lost—then we’ll see if it can continue moving downward.
Around 2418, within the last 15 minutes, the market is still oscillating. It’s just riding along the upper Bollinger Band at 2421.9, so it isn’t suitable to chase a long entry directly. External market technical levels also treat 2420–2430 as a short-term resistance zone.
This is what I would do:
Long positions:
Entry: 2398–2408
Stop loss: 2385
Target 1: 2420
Target 2: 2430–2445
If it pulls back to around 2400 and holds firmly, it would be more comfortable to enter. Chasing at 2418 right now doesn’t offer a very good risk-reward ratio.
Short positions:
Entry: 2425–2435
Stop loss: 2450
Target 1: 2408
Target 2: 2390
If it breaks below 2390, then look toward around 2360.
I’m currently focused on two levels: 2400 and 2430.
In simple terms: above 2400, you can still play rebounds. If 2430 can’t be broken through, don’t force a chase. If there’s real volume and price establishes above 2430, then the short idea should be canceled.
For tonight’s type of market, the most likely behavior is the market poking up and down with wicks. Don’t place stop losses too close. The current 15-minute low is around 2358. Structurally, it’s only truly weakening after 2400 is lost—then we’ll see if it can continue moving downward.
