Precise Analysis of the Market on July 12!
The market has once again reached the familiar weekend, with little liquidity and a rather sluggish trend.
After the opening of the US stock market last night, the market remained relatively stable. However, a whale shorting ETH in the early morning caused a drop of 2%. Yet, the support level for Ethereum at 2920-2900 is the strongest. I also mentioned yesterday that significant declines are unlikely at this moment.
The stop loss for the long positions given by the square is 2950, but Brother Sen informed fans to hold on; as long as it doesn't break below 2900, we are absolutely safe in the short term, although we are currently trapped by a factor of two.
Over the weekend, I personally anticipate a wave of inflow into altcoins.
Mainstream choices: ETH, $SOL
At that time, I will look for suitable positions to make a swing trade, so those interested can follow me!
