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Detailed analysis
ETH is currently in a short-term upward trend, rebounding after finding support around 3065, forming a bullish arrangement. The candlestick pattern shows that the recent few are a combination of bullish candles, with no obvious overbought signal (RSI 62.3 not reaching 70), indicating potential for further upward movement. The short-term support level at 3065 is effective, and the resistance level at 3095 is a key breakout point. Trading volume increases upon the breakout, confirming sufficient buying power. The 5-day and 10-day moving averages have formed a golden cross upward, with the short-term moving average system in a bullish arrangement, indicating a strong technical outlook. It is recommended to watch for a pullback confirmation after the breakout at 3095 to avoid chasing the price high.
Operation Suggestions
Trading Strategy
Day trading
Transaction Direction
Bullish, reasons: Short-term moving averages are in a bullish arrangement, RSI is not overbought, prices have stabilized above support and have broken through resistance with increasing volume, trend momentum continues.
Entry Strategy
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Suggested entry price: $3075.0 (after confirming support on the pullback)
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Entry Timing: Buy after breaking 3095 and retracing without breaking, or when a reversal signal appears on the candlestick (such as a hammer candlestick).
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Position allocation: It is recommended to keep within 20% of total funds to control risk.
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Quick entry: Execute immediately when the signal appears to avoid hesitation.
Stop Loss Strategy
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Stop loss price: $3050.0 (approximately 1.8% below the entry price)
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Stop-loss reason: If it falls below 3050, it indicates that support has failed and the trend may reverse.
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Maximum loss per transaction: No more than 2% of total capital
Take Profit Strategy
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Target Level 1: $3095.0 (first resistance level), reduce position by 50%
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Target level 2: $3120.0 (secondary resistance level), remaining position take profit
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Quick profit-taking: Exit immediately after reaching the target, do not linger in battle.
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Trailing stop loss: After the price rises to 3095, move the stop loss up to 3070 to protect profits.
Risk Warning
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Short-term trading requires close attention to the order book and timely execution of instructions.
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Avoid missing the take-profit point due to greed, strictly follow the plan.
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Trading should be suspended if a single loss exceeds the limit, and operations should resume after a review.
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Pay attention to ETH market sentiment and macro news impact to prevent false breakouts.