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On March 2nd, 2024, at 4:19 PM China 🇨🇳 time, ETH opening position strategy [If you lack confidence in the crypto market and don't want to play, opening a position might lead to stop-loss or liquidation. Just join my chat room and see how I beat the market makers.]
The major cycle trend remains bearish; always follow the trend.
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Breakthrough resistance level but can't go down: continue upward to test the next resistance level.
Break support level but can't go up: continue downward to test the next support level.
【Pin insertion to sweep liquidity. Not counted as a breakout or breakdown】
Stop loss of 35 or 50 points (larger fluctuations: widen stop loss)
Recommended short entry: 1960—1980 (25% breakout probability)
First resistance: 2005—2020 (15% probability)
Second resistance: 2052—2070 (6% probability)
↕↔↕
First support: 1890—1905 (55% probability of breakdown)
Second support: 1840—1855 (31% probability)
Third support: 1770—1790 (14% probability)
#ETH