【Dentist Strategy · Double Bottom Reversal Confirmation】
This wave of Ethereum precisely hit the double bottom neckline support at 1750, with a clear structure on the 4-hour chart, and initial signs of MACD bottom divergence, along with recovering bottom volume.
The current price has begun to break through the short-term moving averages, confirming effective support on a retest, forming a standard double bottom structure:
• First Bottom: March 31, with a significant drop to 1750
• Second Bottom: April 2, retesting without breaking, bullish engulfing candle
• Neckline Resistance Area: around 1845; if it can break through and confirm, the target will look towards 1910~1950
Action Plan:
• On a retest in the 1810~1820 range, gradually go long
• Set stop loss below 1750
• Add positions after confirming a break above 1845
Core Concept of Dentist Strategy:
Small positions for trial and error, large positions to follow; confirming bottom patterns is the door to opportunity. Understand the structure, then increase your stakes!