Ethereum has been dropping quite severely, but after looking at the data, I feel the opportunity is coming soon.
In simple terms, the daily chart is already severely oversold, with the RSI approaching 27, which in the past has often been a precursor to a violent rebound. The 4-hour chart is also showing signs of a bottom divergence, and the MACD is starting to turn. Although large funds are still flowing out, the big players' long positions haven't really exited; they might be quietly accumulating.
So, my thought process is: instead of chasing the price up when it rises, I will position myself in advance where the main force is 'digging a pit'.
Specific plan (ETH perpetual contract):
· Direction: Long at low
· Leverage: 20x
· Position: 30% of total capital (keep the remaining 70% for unexpected situations, stay calm)
Place two limit orders, buying more as it drops:
1. Probe order: 2915.5 (40% of position), place near the lower band of the 4-hour chart to prevent missing out on a direct surge.
2. Main position: 2868.8 (60% of position), place just below the lower band of the daily chart, specifically to catch any possible 'panic selling with cheap chips'.
Must set stop loss and take profit:
· Stop loss: 2775 (if it breaks key support, admit defeat, do not hold the position)
· Take profit: sell half at 3055, clear everything at 3145
If both orders are filled, the average cost will be around 2887. In the worst case, I could lose 23% of total capital, but if I manage to capture the entire rebound, I could make 53%—the risk-reward ratio is favorable, worth a try.
Orders are valid for 24 hours; if not filled, withdraw, and do not cling to the battle. If only the first order is filled and the price rises, remember to move the stop loss to the opening price to aim for the second target.
Remember, don’t chase the highs. What we are waiting for now is the market's panic tremor, to pick up cheap chips. When others are fearful, I am greedy, but also set a good stop loss to protect the principal. $ETH
Key point: For those with poor memory, first take a screenshot of the order strategy, then click below on ETH/USDT↓↓↓ to directly enter the trading page to place orders!!
If you find it useful, brothers, give a thumbs up, 👍, and join in to profit!!
For reference only, your own money is your own responsibility.