$ETH Tonight looking long, get ready for a big surge!

Brothers, did you follow the long-side strategy I gave you yesterday? I said there’s no problem relying on strong support to go long—it’s a very cost-effective setup. This rebound is now about 100+ points away from last night’s new low.

At the moment, the macro news headwinds have been fully digested. After the market has absorbed it all, tonight after the US stock market opens, the price action will very likely move upward steadily. Once it holds above the 2500 level, the longs can target the 2550 area. For short-term trading, the suggestion is to buy on pullbacks.

Tomorrow afternoon, there will also be the Bank of Japan interest rate decision. Tang Zhu thinks the impact won’t be very big, because even after the Fed’s rate hikes, the market didn’t get driven downward—this shows there are still funds supporting the bottom.

I’m Tang Zhu. The US stock market is about to open—I’m getting ready to set up and enter the trade. If you’re interested, tap follow: @棠主交易日记

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