$ETH Evening Thoughts:
The recent rise in the second pancake has surprised many, overturning previous perceptions of it. I certainly did not expect the second pancake to rebound this strongly. Everyone thought the second pancake was weak, but this time it showed strength. Once the second pancake started to rise, some people began to boast, saying they had predicted where it would go.
How can you predict the future? If you're so good at predicting, why don't you sell your house and go all in? Don't just listen to what they say; pay attention to what they do. Some people are very good at disguising themselves that they no longer recognize who they are.
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Looking at the chart: The 15-minute small time frame for the second pancake has lowered its highs and lows, and no lower lows or higher highs have appeared yet. The second pancake will continue to move in a consolidation pattern. You can enter again when it breaks out in a clear direction.
If the second pancake breaks through 2613 with volume, go long. If it breaks 2598 with volume, go short. Pay attention to volume changes and set your stop-loss accordingly.
If the second pancake breaks and holds above 2624 on the hourly chart, it will continue to rise towards 2656-2700. Those holding long positions can take profits at 2700, leaving a core position to aim for higher levels, in case a pullback occurs, which could be uncomfortable.
On the 4-hour chart, if it breaks below 2561, look down to 2491-2435.
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If the exchange rate of the second pancake can break the daily level of 0.02608, it will continue to surge towards 0.02781-0.02867. If it can decisively break 0.03114, then the second pancake will truly improve and will no longer be despised by everyone; it will become a hot commodity. Meeting adjourned.
