#ETH Evening thoughts on the second pancake: the pullback to the lower Bollinger Band around 2915 has not broken down effectively. The downward momentum has slowed, and a bottoming signal appears at the low levels. The MACD is below the zero line, but the bearish momentum continues to weaken. This is a technical rebound within a trend correction, not a trend reversal. Since there is support below, we can confidently look for a rebound and recovery.
Go long around 2910 Targets: 2940, 2970, 3000 Stop loss: 2875 (effective break of the previous low)
This is a recovery rebound after a correction, As long as the structure remains intact, low buy-ins remain the main strategy.
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#ETH Evening thoughts on the second pancake: the pullback to the lower Bollinger Band around 2915 has not broken down effectively. The downward momentum has slowed, and a bottoming signal appears at the low levels. The MACD is below the zero line, but the bearish momentum continues to weaken. This is a technical rebound within a trend correction, not a trend reversal. Since there is support below, we can confidently look for a rebound and recovery.
Go long around 2910
Targets: 2940, 2970, 3000
Stop loss: 2875 (effective break of the previous low)
This is a recovery rebound after a correction,
As long as the structure remains intact, low buy-ins remain the main strategy.