From the current perspective, there has been no successful breakthrough, so we will first expect an ascending range, paying attention to the pullback in the 2490 area.
Currently, there are 2.5 opportunities to enter long: one is the subsequent chase for a breakthrough and a pullback, and the other is a rebound from the lower boundary of the ascending range.
Currently, it is a structure waiting to break through, lacking an effective breakthrough K-bar signal. After a subsequent breakthrough, consider chasing the breakthrough or making a pullback.
This time is different from before, as it broke through directly after retracing to the middle of the range, rather than breaking out after a retracement. So the potential retracement entry point must be moved to the upper boundary of the range: around 2577.
There are only a few ways to enter the market: either oscillate between the upper and lower boundaries within the range, or wait for a retracement after a breakout / or a rebound that gets resisted. Just wait patiently.
Additionally, the phase target for this range breakout can be set around 2650.
Similar to the expectations given in the previous tweet, there has been multiple box fluctuations this weekend. Currently, it is suitable to enter positions in the 2500 area and start reducing positions to take profits.
As for the next opportunity to enter long positions, I personally suggest waiting for a pullback rebound. Let's first look around 2545.
After each significant drop, there is a period of range-bound consolidation. At the current stage, the peak cannot be determined. However, the 2500 area can be monitored. If the price can return to this level and rebound, it would indicate the possibility of range-bound consolidation. Ideally, this would represent the lowest point of the basic phase.
Since $ETH has shown a false breakout, the focus should be on the lower boundary of the range: around the 2380 area. Considering the few lower shadows on the left, it should be around 2300-2380. This is an opportunity point for long positions.
For me, the 4H still belongs to the pullback phase after the breakout, and I need to wait for the opportunity to enter on a rebound.
Since it hasn't broken below the support yet, we cannot determine if this is a false breakout, so for now, I'll maintain a bullish outlook as the main expectation.
Currently, we mainly look at whether the potential support area of 106500 can rebound. If it falls below, we will look down to 101. From the perspective of the market, we should still be optimistic. After all, it has not even fallen below 106500, and the small-scale rising structure has not been destroyed.
Currently, this position for me is a left-side short position (because the MACD is still uncertain whether it will turn down) entry point, with the expectation that there will be a box range oscillation later, with a lower target around 2655.
I think it has not fallen to the stage target yet. This may just be a rebound. It will rebound to around 15 and then continue to fall. It will eventually fall to 10.6, which is the previous low on the left, and oscillate in a large range during the decline.
If you can't stand this daily K fluctuation, stop loss when it falls below the 13 area, and then see if the 10.6 area below can hold up before re-entering.
1. Confirm the trend first, short the downward trend, and go long the upward trend.
2. I personally prefer to do a rebound/resistance rebound (combine the indicators and the support and resistance on the market for reference)
Summary: Confirm the trend first, find support/resistance in the main chart, and enter the market based on the overbought and oversold indicators and whether MACD gives a continuation signal.
Stop loss is sometimes set at the previous resistance zone, which means it will be a wider stop loss. To stop profit, look for potential support below.
It's another time when the bears hope for a drop, and the bulls are blocking at a critical position. There's no problem going long here; just set a stop loss if it breaks down,
However, since this is a 4H fluctuation, high leverage is not recommended. Forget it, no recommendations, manage your own position.
The market has extended into a 4H level range fluctuation, but currently, the overall market does not seem to have enough downward momentum to break this range.
So I am preparing to wait for a bullish divergence in the 15M timeframe to look for opportunities to go long on a rebound.<Currently, there is no clear bullish divergence appearing>