$ETH Evening Thoughts:
Looking at the chart: the second coin's wedge breakout has successfully exceeded the previous high of 3158, creating a higher high. However, it seems like the second coin is reluctant to rise? Regardless of whether you are willing or forced, as long as the first coin continues to rise, you have to follow.
The resistance level above the second coin is 3192-3225. As long as the second coin can stabilize above 3158, it will naturally aim for 3192 and 3225. If the second coin goes into a correction, it absolutely cannot break below the neck line at 3102. Once the neck line at 3102 is broken, it will drop as it rose.
🚀
The second coin breaks above 3158 with volume on the right side to go long, while a break below 3136 with volume on the right side to go short for correction. Pay attention to volume changes,
and set stop losses properly.
The second coin must stabilize above 3158 on the hourly level to look upwards at 3192-3225; only by stabilizing above 3158 can we continue to look upwards.
On the 4-hour level, a break below 3105 looks downwards at 3062-3010. If it breaks below 3105 and cannot quickly recover, the second coin will need to correct.
🚀
Continuing to look at the chart: the second coin's daily level triangle has been broken. Fortunately, the closing price of the candlestick indicated by the white arrow below did not close inside the triangle. If it had closed inside the triangle, it would definitely have gone back to test the lower boundary of the triangle. The position circled in white has formed a mutated morning star. This is a morning star at the daily level, which we all know signifies bullishness in the market. However, there is a prerequisite: the second coin must break above 3230 to continue rising. If it cannot stabilize above 3230, it will not rise. Only by stabilizing above 3230 can we continue to look at the two levels of 3474 and 3655.
Therefore, 3230 is crucial for the second coin. 3230 is the dividing line between bullish and bearish for the second coin. Keep an eye on 3230! Meeting adjourned.
