$ETH Evening Thoughts:
Why has Erbing been so unstable these past few days? Like a big monkey jumping around, showing off again. Isn't it better to be steady and take one step at a time? Some people! Full of righteousness and morality, really good at creating an image for themselves. You can tell what kind of person someone is just by looking at their face; one eye on guard, the other eye on lookout, what good can come of that?
Once you’ve dealt with this type of person, you won’t want to deal with them again because they don’t see you as a buddy; they just step on your shoulders to get ahead. I wonder if any of you have encountered such people, they don’t dare to wander around domestically. Just think of how many bad things they must have done. Stay away from such people! Otherwise, you’ll be the next target to be harvested, I digress.
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Talking through the chart: Erbing’s hourly Fibonacci 1:1 retracement target is 2214; Erbing needs a decent pullback. Only at the right time, a perfect pullback will be more beneficial for the rise. Otherwise, continuing to rise like this is a very extreme way to go up.
Erbing should break through 2405 with volume to chase long on the right side, and if it breaks down 2385 with volume, then chase short on the right side, pay attention to changes in volume and set stop losses properly.
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If Erbing can stabilize at 2425 on the hourly level, we can look at upper target positions 2461-2520, do you hope to see that today? I do not hope so.
On the 4-hour level, breaking down 2364 looks down to 2316-2271.
Continuing with the chart: Erbing’s daily level prices marked by the yellow box, between 2513-2870, this area belongs to a vacuum zone.
If Erbing can break through and stabilize at 2513, it will soon touch around 2870; if it can’t stabilize, then that’s another story.
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Also, those who previously believed in this brother and that general, and bought counterfeit spot goods that got trapped, you can take this opportunity during the rebound to appropriately lighten your positions, otherwise, a pullback will bring you back to square one and you’ll be uncomfortable again, not knowing how long you’ll be stuck.
Remember, for spot trading, just buy big cakes and small cakes; for contracts, just play big cakes and small cakes. If you can understand how to play big cakes and small cakes, you’re already very impressive. Don’t touch counterfeits; although counterfeits can make money quickly, they can also wipe you out instantly. Don’t have a lucky mentality; not one person recommending you to buy counterfeits is a good person. Meeting adjourned.
