$ETH Evening Thoughts:
The second pancake not only drops sharply but also rises fiercely. The second pancake is about to overtake in a curve! The rise of the second pancake in the past two days has compensated for what was owed to everyone, right? Any recovery is better than none; you still have to hold on if nothing is given back.
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Talking through the chart: the second pancake shows an 88-degree rise on the 4-hour level, it's almost vertical, what are you messing around with imitation for? If you want to play imitation, just play the second pancake; isn't this more fun than imitation? Plus, it won't go to zero.
The second pancake breaks through 2357 on volume, look to go long, and if it breaks the right side at 2331 with volume, look to go short. Pay attention to changes in volume and set your stop-loss properly.
Last night I posted saying: I said if the second pancake can hold above the ema50 daily moving average at 8 AM today, then it will take off.
The second pancake indeed didn't disappoint me; not only did it hold above the daily ema50 moving average, but it also challenged the daily 200 moving average, truly a young bull not afraid of tigers.
Let me say again, if tomorrow at 8 AM the second pancake can hold above the ema200 daily moving average, then the second pancake will completely break free.
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The second pancake breaks through 2359 on the hourly level, continue looking up at 2416-2460-2549, stay tuned! As long as the US stock market doesn't cause trouble tonight, we are likely to see the second pancake above 2400.
On the 4-hour level, if the second pancake drops below 2293, it will go back to test 2248-2184. Have you noticed that currently, the big pancake rises for a while, rests and consolidates, then the second pancake rises, with the big pancake and second pancake alternating in gains? The second pancake and big pancake now seem to be moving sideways with a decline; if you make a profit, just run, and disperse.