2025/7/10 Ethereum Long Position Reminder
Assuming that the current market does not rise above 2820 for ETH, if it first drops to around 2720, then one can hold a long position with a stop loss defending at 2690 and a target at around 2840.
Market Analysis: The probability of a small-scale false breakdown is relatively high. Assuming that the drop touches the key level around 2720, there is a high likelihood of at least a 50-point rebound to around 2770. Therefore, as long as one goes long in this vicinity, even if the judgment is wrong, there will be a stable opportunity to exit at breakeven.
Note: The probability of accelerating the current market decline is relatively low. Even if there is a decline, it will likely form a consolidation range at the top, so patience is required to wait for shorting opportunities.