$ETH Evening Thoughts:
I only now understand what the first sister meant by saying: If you don't have confidence, you can short! This may be directed at Ethereum, feeling like I've missed a lot.
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Talking through the chart: The 15-minute small levels of the second contract are all rising, so be cautious about shorting until a lower low is made.
The hourly level of the second contract is forming a W bottom pattern. For the W bottom to perform well, it must break and hold above the hourly neckline level.
That is, the position at 1997 must hold for us to see the upper target positions of 2041-2077.
The second contract should break through 1994 with volume to chase long positions on the right side, and break below 1985 to chase short positions on the right side. Pay attention to changes in volume and set stop losses properly.
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On the 4-hour level, watch out for a drop below 1965 to look down at 1931-1901. It's time for the second contract to show its true strength. Otherwise, everyone will forget that you are the perennial second place, meeting adjourned.
$ETH
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