4.27: Market Overview: $ETH Long and Short Both Profitable, Are You Keeping Up?

Yesterday afternoon's post mentioned the entry points for long and short positions. As expected, Ethereum retraced to 1776 last night, allowing us to get on board smoothly. This morning at 8 AM, we perfectly hit the T1 target of 816 and T2 target of 1850, with a maximum of 1857, capturing a total of 74 points.

The short position was also ambushed on the left at 1825, adding to the position at 1850. Just now, the T1 target was also successfully achieved, allowing the remaining position to let profits run towards the T2 target, while setting a break-even defense. Both long and short positions profited, with a comfortable back-and-forth of over 100 points.

Looking at the ascending wedge structure of Ethereum, the high points are rising and the low points are also increasing. We will ambush long positions near the trend line around 1791, adding to the position at 1776, with a defense at 1759, targeting around 1824 and 1850; alternatively, we can enter long positions on the right upon a trend line retracement and a break, with a defense at the breakout point; for high shorts, ambush at 1856-1860, with a defense at 1872, targeting around 1800.

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