August 12th ETH morning market analysis

The break at 4250 is seen as a signal for a bullish trend, indicating that the price will rise to 4300.
Short-term trend: Although there are breakout signals, the target price may not be reached in the morning, so attention should be paid to subsequent trends.
Trading Strategy
15-minute level long position: It is recommended to look for long position opportunities at the 15-minute level, but be sure to pay attention to whether the pattern and position are correct.
30-minute pullback: The 30-minute pattern has not fully formed, and a pullback is expected. A long position should be established during the pullback.
Volume Line Signal:
30-minute volume crosses above: When the 30-minute volume crosses above, a pullback is a good buying opportunity.
45-minute volume breakout: Similarly, when the 45-minute volume breaks out, it is also a good opportunity to buy on a pullback.
One-hour trading volume: When the one-hour trading volume shows red, it indicates that the trend has been established, and it is not advisable to chase long positions at this time.
Specific entry point
30-minute entry point: The pullback point before the 30-minute volume line crosses above and has not reached the zero axis, it is recommended to enter around 4215 to 4220.
45-minute entry point: The pullback point when the 45-minute volume line crosses above, similarly suggested to enter around 4215 to 4220.
Transaction Precautions
Wait for the right opportunity: Do not rush to enter the market before the pattern and position are confirmed; wait for a suitable pullback.
Avoid chasing highs: When the hourly volume shows red, it indicates that the trend has been established, and it is not advisable to chase long positions at this time.
#ETH突破4300