$ETH After the pullback from the bottom is confirmed, the price has started to rise back above the moving average system. The short-term trend has already begun to strengthen.
$ETH - Long
Specific framework:
Entry: 1,918 - 1,925
Stop Loss (SL): 1,895
Target 1 (TP1): 1,937
Target 2 (TP2): 1,945
Target 3 (TP3): 1,960
Game/interaction logic:
The current price has firmly held above short- and mid-term moving average support. MA7 has begun to turn upward, supporting the market. The momentum from the earlier move that started from the bottom is still in play. As long as the defense area below 1,895 is not broken through with significant volume, this rebound that holds the moving averages will very likely continue to probe toward the previous high at 1,937, or even higher. In that case, the risk-reward ratio for taking long positions remains quite good.
Click here to trade👇
$ETH - Long
Specific framework:
Entry: 1,918 - 1,925
Stop Loss (SL): 1,895
Target 1 (TP1): 1,937
Target 2 (TP2): 1,945
Target 3 (TP3): 1,960
Game/interaction logic:
The current price has firmly held above short- and mid-term moving average support. MA7 has begun to turn upward, supporting the market. The momentum from the earlier move that started from the bottom is still in play. As long as the defense area below 1,895 is not broken through with significant volume, this rebound that holds the moving averages will very likely continue to probe toward the previous high at 1,937, or even higher. In that case, the risk-reward ratio for taking long positions remains quite good.
Click here to trade👇