$ETH Evening Thoughts:
Can the second coin continue to challenge the 2800 position? I think it's a bit difficult. If the first coin doesn't lead the rise, it's not easy for the second coin to reach 2800 on its own. Moreover, 2800 is also an important resistance level.
You mentioned that Trump just got slapped in the face; according to his personality, wouldn't he want to save some face? Tonight won't be calm; big fluctuations are coming.
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Talking about the chart: In the hourly chart of the second coin, as long as the lowest point of the yellow arrow's bullish candlestick is not broken, everything is negotiable. The second coin will continue to oscillate around this bullish candlestick until a direction is established. Once it breaks below this bullish candlestick, it will go down as it came up.
If the second coin breaks through 2744 with volume, go long on the right side; if it breaks below 2724 with volume, go short on the right side. Pay attention to changes in volume and set proper stop losses.
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If the second coin firmly breaks above 2755 on the hourly chart, it will continue to challenge 2786-2828. Whether it can break above 2755 is very important.
On the 4-hour chart, if it breaks below 2700, it will adjust downwards to look at 2651-2608.
Continuing to look at the chart: I hope this box of the second coin on the hourly chart doesn't fall back inside the box. If it runs back inside the box, it will be very difficult to break out again.
I hope everyone stays calm; this wave of the second coin's rise has not driven much increase in altcoins, and some altcoins are even falling.
Now waiting for a pullback on the second coin before going long will be more cost-effective than going long directly, and the risk will be smaller. Meeting adjourned.