Daily Market Update 2025/05/16
📌 Today's Market Review:
🎯 $ETH Yesterday mentioned "the level of the descending channel has expanded, forming a F30 level descending channel, continuing to decline. The target for the decline is near 2500 at the lower boundary of the H2 ascending channel." As expected, it was quite accurate.
📌 Currently at the lower boundary of the H2 channel, slowly climbing up along the lower boundary. Although the long position risk-reward ratio is decent here, it will be more certain to try a long position after confirming the breakout of the upper boundary of the F30 descending channel. TP1: 2700 TP2: 2800
📬 Feel free to leave a comment on the varieties you want to see, let's find opportunities together!
