Two Pancake Early Morning Operation Strategy
The 4-hour RSI has fallen below the oversold zone of 30, indicating a short-term need for technical recovery, allowing some room for a rebound;
Although the MACD had previously formed a death cross, the reduction in the histogram shows that the bearish strength is gradually converging. If it can stabilize and break through $4,500, it is expected to push the MACD to form a golden cross, adding momentum for a trend reversal;
What is even more noteworthy is that the brother Mahji has placed a buy order for 1,800 ETH in the range of $4,550–$4,800. This institutional-level layout also reflects recognition of the rebound opportunities after the pullback, providing the market with some confidence.
Morning Brother will look to go long around 4,310-4,280, targeting 4,370-4,500. Of course, it's essential to set proper stop losses; don't hold the position #eth .