$ETH Thoughts:
In the crypto world, you need to understand one thing: since you can't resist, just enjoy it. A few days ago, I said: the second coin is the best at creating panic. I don't know if any classmates heard it. Today the second coin has risen, and you seem to be a bit late to realize it!
The geopolitical issues have been preliminarily resolved; what other problems are insurmountable? What else cannot be discussed? Everything can be talked about.
Many classmates are losing money and still want this and that.
So I'll tell you one thing: if you have the courage to risk, you will succeed in whatever you do; it depends on whether you are willing to put in the effort. If you spend your day idly and accomplish nothing, then you can only envy and be jealous of others.
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Talking through the image: Many classmates don’t know what a false breakdown is. If you say you’re on the front line and someone gives you a cannon, but you don’t even know how to use it, would you still dare to go to battle? Are you just looking for a beating? Let me explain what a false breakdown is. Look at the image combined with the text. The lowest price of the bearish candle indicated by the white arrow in the image is 2187, but once the hourly K-line finishes, the closing price of this bearish candle is at 2219.
The closing price did not settle below 2200, which is a very typical case of a false breakdown. If the hourly closing price settles below 2200, then it truly has broken the 2200 support. I don’t know if my explanation is clear to everyone? Don’t just look at how long the K-line's tail is; you need to see where the K-line closes.
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The second coin breaks above 2422 with volume on the right side for a long position and breaks below 2396 with volume on the right side for a short position. Pay attention to changes in volume and set your stop loss well.
For the second coin, the hourly level looks upward at 2432 to target 2484-2508.
At the 4-hour level, a breakdown below 2379 looks downward to 2318-2266. As long as it does not break below 2318, the second coin still has upward momentum; if it breaks, it’s game over.
Continuing to look at the chart: the daily level of the second coin is striving to break above the 50-day EMA.
If it can stabilize above the EMA50, then the second coin is about to take off. If it cannot hold, the risk of retesting previous lows remains.
Moreover, at the daily level, the MACD fast and slow lines are all below the zero axis, which is the biggest risk point. If the fast and slow lines do not return to the zero axis, the downward risk is not fully alleviated. Classmates must still pay attention to the risks. Meeting adjourned.