Daily market analysis - $ETH
The reference period is 4H. Yesterday I said that you can go long and set the stop loss below the 2398 area.
From the current market, although the price was supported in the 2398 area many times yesterday, the overall trend is still biased towards the rebound stage in the downward trend. I think it is better to reduce the position and exit the market when the upper TP is reached.
One is TP1: 2495 area, where the expectation of box oscillation is made.
One is TP2: 2560 area, which is a resistance area that has not been touched yet.
