$ETH Evening Thoughts:
Dear students, you think the second coin has dropped completely, but I believe it has not. The second coin may not have gained momentum yet; it has disappointed many in terms of rising, but it has never disappointed in terms of falling. What you need to do is wait! Look at the daily exchange rate of the second coin. I won't provide a chart here because there isn't enough space; please open the second coin exchange rate yourself for reference!
If the daily exchange rate of the second coin breaks below the neckline of 0.02238, then we will look directly at the target positions below: 0.02128-0.02032. You say the second coin's exchange rate has softened, can it still rise? Only if the exchange rate of the second coin breaks above the daily level of 0.02442 can we look up at 0.02552-0.02622; similarly, the second coin will rise.
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Speaking with images: The second coin cannot enter the box drawn in the chart at the hourly level; the crisis of the second coin's decline has not been resolved. Only by entering the box at the hourly level can we consider the second coin to have temporarily stopped falling.
Only breaking above the upper boundary of this box can the decline crisis be resolved. Currently, it seems a bit difficult for the second coin to break above the upper boundary of the box.
With increased volume, chasing long positions at 2446 for a rebound; if it breaks down to 2420 with increased volume and cannot recover, chase short positions on the right side, and pay attention to changes in volume.
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The second coin needs to stabilize at 2464 at the hourly level to continue rising and look up at 2507-2546. If it cannot rise above 2507, it will be of no use.
At the 4-hour level, 2390 has been broken, looking down at 2350-2311.
Continuing to look at the chart: The second coin has broken below the 50-day EMA at the daily level and is now attempting to rebound upwards. If it can rise, it indicates that the second coin is relatively strong. If it cannot rise, look at the position circled in white, where it rises quickly and falls even faster because there is not much accumulation of chips here.
Moreover, the EMA at the daily level of the second coin is showing a downward turn, reminding everyone to be cautious when bottom-fishing; if you try to bottom-fish, it might bottom-fish your home instead. Set your stop-loss properly, and that’s all for now.