$ETH Evening Thoughts:
Dear students, don't rush. The main coin hasn't finished rising yet, and the secondary coin won't start rising until it does. Be patient and wait for the main coin to finish rising and enter a high-level sideways consolidation; that will be the time for the secondary coin to gain momentum. After waiting for such a long time, a little more patience won't hurt. What needs to rise will eventually rise; if it doesn't, being anxious won't help.
🦄
Let's look at the chart: regarding the long lower shadow indicated by the yellow arrow on the hourly level of the secondary coin, I ask you, is it long? There is a saying: "Not afraid of being short, thick, and fat, but afraid of being thin and long"—this saying also applies to the cryptocurrency world.
In the future, when you see such long lower shadows, I hope you students won't panic. The longer the shadow, the more buying pressure there is below, and the price is unwilling to continue going down.
When you see such candlesticks, once the line is finished, you should enter long. The lowest point of the shadow will be your stop-loss level; catching a rebound is still possible. If this coin is strong enough, you might catch the whole move from the bottom to the top. Please remember what Classmate Zhang taught you; you must remember it and not forget it.
🦄
For the secondary coin, if it breaks above 2451 with volume, chase the long position on the right side; if it breaks below 2443 with volume, chase the short position on the right side. Pay attention to the changes in volume and set your stop-loss properly.
On the hourly level for the secondary coin, if it stabilizes above 2456, look up to 2494-2520.
On the four-hour level, if it breaks below 2429, the secondary coin will need to retest 2407-2377, and hopefully, it won't break below 2407 again.
Continuing to look at the chart: for the secondary coin to rise higher, it must break the upper boundary of the box drawn in the chart at 2520. Only by breaking and stabilizing above 2520 can it continue to challenge around 2600 or even higher. If it cannot break this box, it can only continue to move in sideways consolidation within the box. The 2520 position is also where you can reduce your long positions. Meeting adjourned.