$ETH Evening Thoughts:
Talking through the chart: If the second coin can stay within the box and consolidate, it is currently the best trend. A breakout above the neckline at 3186 will allow us to see the upper boundary of the box and the small high at 3273. Breaking through the small high at 3273 will allow us to look higher. If the box cannot hold and is broken down, it will test the morning's low near 3105 again.
Previously, when Bitcoin was at 120,000 and the second coin was at 4,000, didn't many people say to buy a certain amount when Bitcoin returns to 100,000 and the second coin to 3,000? Now the opportunity is here, have you bought?
Or are you scared? Or do you want to wait for a lower position? When it reaches 100,000, do you want to wait for 90,000? When it reaches 3,000, do you want to wait for 2,000? Isn't this another form of greed?
When it's time to act, act. Everyone, remember, you will never catch the bottom; what you can buy is not the bottom. The bottom is always trapped out. Can't you use time to exchange for space? If you are afraid of being trapped when buying Bitcoin and the second coin's spot, I advise you to leave this market early, because you are afraid of losing, because you want to make a profit on every trade. No one can always make a profit because this market is not suitable for you.
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The second coin breaks 3196 with volume; chase long on the right side, 3157 breaks down with volume; chase short on the right side. Pay attention to changes in volume and set your stop loss.
On the hourly level, if the second coin stabilizes above 3196, look up at 3242-3273. If it stabilizes at 3196, it can test the 3242 position.
On the 4-hour level, if it breaks below 3154, look down at 3106-3055; if 3154 breaks, 3106 won't hold either.
Continuing to look at the chart: As long as the second coin does not break this triangle on the 4-hour level, it is temporarily safe. If the triangle is broken, the previous low pointed by the left yellow arrow at 3055 will be tested again, forming a double bottom pattern on the 4-hour level to choose direction. Actually, the second coin is not bad; although it has dropped a lot, it hasn't broken the previous low to create a new low. As long as the second coin does not create a new low, there won't be a deeper correction. Where can it go if the previous low breaks? We'll have to see as we go. Pay attention to changes in volume. Meeting adjourned.
👆🏻👆🏻👆🏻 Just enter at this point; here is what you want.
