ETH Intraday Trading Strategy

Current Trend: 4H wide-range oscillation leaning bullish (rebounded from 2240 low to 2400 then pulled back) / 1H high-level pullback testing POC support / 15M repeatedly contesting around VAL 2369
Trade Direction: Long (buy on key support pullback)
Suggested Entry Price: 2355 – 2360
Suggested Take Profit Prices:
TP1: 2388 (upper boundary of 15M POC dense area)
TP2: 2400 – 2405 (previous high + integer level)
Suggested Stop Loss Price: 2340
Trade Entry Reason:
1. 4H chart structure remains bullish since 5/1; the current pullback is a normal correction within the bullish trend, with 4H POC at 2323 providing strong support below.
2. 1H chart shows long lower shadows around 2366–2370 (near black line POC), indicating active buyer defense; in the 15M chart, repeated tests of 2368–2371 have not broken through, forming a short-term spring effect. If it drops again to 2355–2360, it would be an optimal liquidity sweep entry point.
3. 1H VP shows 2366–2380 as high-volume nodes (POC zone), representing the main cost basis for bulls; 15M VAL at about 2369 coincides with 1H POC, forming multiple support confluence. 2355–2360 is below VAL in a low-volume zone, reducing the chance of stop-loss being swept.
Early Exit Conditions:
Price rebounds to 2380 then shows 15M bearish engulfing + volume expansion → reduce position by 50%
Holding for over 4 hours without reaching TP1 → close and take profit
Strategy Order Cancellation Conditions:
Price does not reach 2360 and directly breaks through 2390 → cancel order (missed entry)
Price drops below 2340 then rebounds to 2355–2360 → do not re-enter (structure broken)
Risk-Reward:
Stop Loss: 18 points
TP1: 30 points → RR = 1:1.67
TP2: 44 points → RR = 1:2.44
Trade Confidence: 55%