7.16 Morning Thoughts
Yesterday's 2900 support level hasn't been reached, it seems this position is indeed quite stable. During the day, operations moved back and forth between the high and low points; although the points were a bit off, the overall rhythm remained intact.
The index rose from around 2930 to 3098, just a bit shy of 3100, and is currently oscillating around 3070. The bulls are increasingly gaining strength. However, it's better to be cautious in the morning; high selling and low buying is more reliable:
If it rebounds to around 3130-3160, it can be shorted with a stop loss set at 30 points, initially looking at 3000. If it breaks below that, then look further down to 2900.
If it retraces to around 3010-3040, try a light position on the long side, also with a stop loss set at 30 points, initially targeting 3100-3150.
Don't chase highs or panic sell; focus on operating within these two ranges, and manage your position well. #CPI数据来袭 $ETH
Yesterday's 2900 support level hasn't been reached, it seems this position is indeed quite stable. During the day, operations moved back and forth between the high and low points; although the points were a bit off, the overall rhythm remained intact.
The index rose from around 2930 to 3098, just a bit shy of 3100, and is currently oscillating around 3070. The bulls are increasingly gaining strength. However, it's better to be cautious in the morning; high selling and low buying is more reliable:
If it rebounds to around 3130-3160, it can be shorted with a stop loss set at 30 points, initially looking at 3000. If it breaks below that, then look further down to 2900.
If it retraces to around 3010-3040, try a light position on the long side, also with a stop loss set at 30 points, initially targeting 3100-3150.
Don't chase highs or panic sell; focus on operating within these two ranges, and manage your position well. #CPI数据来袭 $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
3,149.5
+5.95%