January 27,
$ETH 1-Hour Long-Short Strategy
Currently, ETH price is $2919.63, positioned between the middle band (2908.03) and the upper band (2940.60) of the Bollinger Bands, indicating a short-term bullish bias. However, the upper band and the previous high of 2968.49 are under pressure, with the middle band serving as a key support.
🎯 Long-Short Strategy Summary
🔼 Bullish
- Conservative: Wait for a pullback to 2900–2910 and enter once stabilized
- Take Profit: 2940 → 2968
- Stop Loss: 2890
- Breakout: Increase volume and break above 2940.60 to go long
- Take Profit: 3000
- Stop Loss: 292