6-24 Ethereum Perspective: Reference 4H
Yesterday, two points regarding Ethereum were mentioned: Ethereum only broke through and retested the position of the weekly support and resistance swap; there’s no need to panic since it hasn’t broken down. Friends wanting to go long can wait for a stable breakthrough above the 2325 level to enter on the right side; in that minute, you would have made a profit.
For those wanting to go short, it was also mentioned to pay attention to the two resistance levels of 2273 and 2325. Once they are blocked, you can short directly. So yesterday, after being blocked for the first time at 2315, it dropped to 2187, a decline of 5%. Even if you didn’t take profit in time, if you had a breakeven stop loss and reversed to go long after the loss, you wouldn’t have incurred any losses.
Returning to the candlestick: From the 4H level, Ethereum has been pulled back above the major consolidation area under the stimulus of two favorable news.
Therefore, if brothers still want to go long, they can consider waiting for a retest of the 2325 level below. This level has been broken but hasn’t undergone a retest action yet.
Currently, there’s another important resistance at 2450, which is also the position where we initiated the short. It’s not recommended to go long directly on Ethereum here.
However, if you want to short, observe whether there will be any resistance afterward. Once there’s a pin bar signal indicating resistance, you can short directly, with the stop loss point being slightly above the pin tip; you need to give it some room.
Yesterday, two points regarding Ethereum were mentioned: Ethereum only broke through and retested the position of the weekly support and resistance swap; there’s no need to panic since it hasn’t broken down. Friends wanting to go long can wait for a stable breakthrough above the 2325 level to enter on the right side; in that minute, you would have made a profit.
For those wanting to go short, it was also mentioned to pay attention to the two resistance levels of 2273 and 2325. Once they are blocked, you can short directly. So yesterday, after being blocked for the first time at 2315, it dropped to 2187, a decline of 5%. Even if you didn’t take profit in time, if you had a breakeven stop loss and reversed to go long after the loss, you wouldn’t have incurred any losses.
Returning to the candlestick: From the 4H level, Ethereum has been pulled back above the major consolidation area under the stimulus of two favorable news.
Therefore, if brothers still want to go long, they can consider waiting for a retest of the 2325 level below. This level has been broken but hasn’t undergone a retest action yet.
Currently, there’s another important resistance at 2450, which is also the position where we initiated the short. It’s not recommended to go long directly on Ethereum here.
However, if you want to short, observe whether there will be any resistance afterward. Once there’s a pin bar signal indicating resistance, you can short directly, with the stop loss point being slightly above the pin tip; you need to give it some room.
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