January 22 ETH Technical Trading Strategy (Price anchored at 2940)

Core Tone

The daily chart is slightly bearish, and the 4H chart shows weak oscillation. Focus on range-bound trading with high sell and low buy. After a breakout, follow the trend with light positions, strictly controlling position size and stop-loss.

Key Price Ranges

- Support Levels: First support at 2900; strong support at 2880-2850 (breaking below opens downward space)
- Resistance Levels: First resistance at 2980-3000; strong resistance at 3050-3080 (stabilizing above indicates short-term reversal)

Specific Trading Strategies

1. Range-bound Strategy (Priority Execution)

- Short Opportunities: Price rebounds to 2980-3000 zone, gradually build short positions
- Stop-Loss: 3020 (exit after breaking resistance to avoid deep losses)
- Take Profit: First target 2920; second target 2880 (scale out in parts, secure profits)
- Long Opportunities: Price retraces to stabilize at 2880-2900 zone (showing bullish candle signals), lightly build long positions
- Stop-Loss: 2850 (stop if breaking strong support, avoid holding through deep pullback)
- Take Profit: First target 2950; second target 2980 (reduce positions at resistance)

2. Breakout Trading Strategy (Follow the Trend)

- Upward Breakout: Price stabilizes above 3000 with increased volume, follow the trend and go long
- Stop-Loss: 2970 (exit if retest fails)
- Take Profit: 3050-3080 (take profits decisively at strong resistance)
- Downward Breakout: Price drops below 2880 with sustained volume, follow the trend and go short
- Stop-Loss: 2900 (exit if rebound fills the gap)
- Take Profit: 2850-2820 (take profits at key support levels)

Risk Management Rules

1. Single ETH position should not exceed 5%, avoid heavy positions in volatile markets.
2. Limit individual trade stop-loss to 1.5%-2%, avoid blindly expanding stop-loss.
3. Monitor BTC trend; if BTC experiences significant breakdown, prioritize observation or early profit-taking, avoid contrarian trades.