The market data for Ether has reached a point where, after reasoning this morning, the range of 3760-3640 is basically still correct. Moving forward, we can simply choose a high short strategy. Looking at the 4-hour to daily chart, it's very clear that we can see a pullback pattern. Therefore, it's normal for the smaller timeframes to fluctuate up and down. In fact, my feeling over the past couple of days has been that no matter what, it’s best to follow the smaller timeframes with stop losses. I’ve set a rule for myself that my ETH stop loss will never exceed 20 points, normally around 15 points.


Using the hourly timeframe to set this stop loss is sufficient; the only thing is to control the risk. Being willing to exit is important because the stop loss on a larger timeframe is too significant, and the risks for medium to long-term are also substantial.
There are too many different voices in the market; it is best to follow your own principles and trade according to the highest winning rate.
Not every market trend needs to be taken; developing a system and executing it is the ultimate goal.
ETH-0.62%
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