Evening Ethereum Layout on May 16:
As of now, Ethereum has started to fluctuate up and down after hitting 2738, continuing to decline. Some people still expect 2700 or 2800, while others say it needs to cool down. What a long and complicated long-short clearing chart, watching it three times in one minute, studying this and that, but when it comes to trading, no matter how you operate, it feels like everything is wrong. A 50% win rate has somehow turned into a 100% loss rate. I wonder if there are any brothers like that?
Here, right is right, and wrong is wrong; it never lets you guess. If you ask me, in a situation where various trends are unfavorable to the bulls, I still think it's time to go long because what you see is just a trick the market makers want you to see. Don't get tricked by the little dog's 36 strategies. Without further ado, let's get to the point.
Long Ethereum strategy around 2561-2531.
Replenishment position: to be determined in the comments.
First tier looks at 2621-2591.
Second tier looks at 2681-2651. Structure level at 2741.