Morning $ETH Trends & Trading Strategy Overview:
1️⃣ The range-bound oscillation continues, but the lows are gradually rising;
2️⃣ The pullback has not broken the trend line, and support remains effective;
3️⃣ The pullback duration is short and the amplitude is small, which is a healthy consolidation;
4️⃣ The 5th wave upward structure is solid, and after breaking through the previous high of 4956, a bullish engulfing pattern emerged;
5️⃣ Yesterday's bearish candle washed out many retail investors, reducing the pressure for subsequent upward movement.
✨ Summary: The consolidation is nearing its end, and the possibility of an upward breakout is high.
🛎️ Altcoin Tips:
- Pay attention to seizing opportunities, rather than blindly chasing highs and cutting losses;
- $ENA can be accumulated in batches around 0.40, with a good take-off point expected;
- $ARB currently has strong support, with the previous peak and trend line providing a solid base, worth watching.
Holding onto your chips will allow you to wait for the market to take off🚀