7.22 Market Overview: ETH Long Position Profits of 70 Points

Yesterday, ETH broke through 0.618 and the long position followed the trend, also taking profits of 70 points before exiting; now ETH continues to form an ascending triangle, making it more prudent to buy on dips and rebound on the trend line.

On the right side, wait for ETH to retrace to the trend line at 3713 or break down and retest the upper trend line to follow the trend for buying, with a stop loss at 3674 and targets at 3765 and 3800; or wait for ETH to break through the trend line at 3756 and enter a long position on the resonance with the horizontal line, with a stop loss at 3695 and targets around 3824 and 3890.

On the right side, wait for a breakout at 3824 that falls back, indicating a false breakout to enter a short position, with a stop loss above the breakout high and targets at 3756 and 3697.

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