$ETH Evening Thoughts:

If you want to go long on the second contract, wait for a breakthrough at 2523 to enter a long position on the right side, and manage your take profit and stop loss as shown in the chart.

If you think chasing long on the right side offers too little profit, then wait for a pullback on the left side of the second contract at 2421 to enter a long position; manage your stop loss well.

For the second contract on the 4-hour timeframe, to form a W-bottom pattern, it must first break above 2523 and hold, and then break above 2629 at the neck level for the W-bottom to be established.

🌶️

On the hourly timeframe, if it breaks above 2517 and holds, look upwards towards 2569-2600.

On the 4-hour timeframe, if it breaks below 2469, look down towards 2436-2392.

The trading ideas have already been provided, what you need to do is be patient and wait, meeting adjourned.

$ETH

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