Unexpected joy, this Monday morning ETH crashed, with a low point at 178, just hitting my ultimate target of 178 southbound that I mentioned last week at 186-188. This wave can be considered a full ride from start to finish?
Currently, from a four-hour perspective, the price has broken through the lower Bollinger Band, and RSI shows a negative peak. During the day, there is a high probability of a rebound wave. Considering the overall situation, you can choose to exit completely or reduce your position and look down; the swing trading seems to have reached its bottom.
The daily decline will continue; it hasn't hit the strongest support at the 171 line yet. Long-term traders can reduce their position and look down. If it rebounds in time, it won't be a loss. It mainly depends on how you operate. I've explained it in detail.