5.6 Chen Fei Talks Coin
After the Ethereum market rose to 1850, it was immediately suppressed, making it difficult for bullish trends to gain momentum. Stabilizing at the 1820 level is quite challenging, and the upward pressure remains significant. The Bollinger Bands overall are slightly widening, with the mid-line position forming short-term resistance along with the MA moving average. The KDJ indicator is showing a downward trend for bulls, and the MACD's red trend is also decreasing in volume, making it hard for the bullish market to rise while the bearish trend is gradually increasing in volume. Therefore, it is recommended to short on rebounds.
Ethereum (ETH)
Direction: Short
Current Price: 1840～1860
Take Profit: 1790～1760
Stop Loss: 1885
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