(Bingbing) $ETH My take:
First, the conclusion: the trend is extremely soft; the channel broke too early. Right now it’s just grinding after the drop—don’t treat it as a bottom.
Watch one level first: **2482**.
If it can bounce up to here, then there’s something to talk about; if it can’t reach it, then any rebound is just an exit opportunity.
If 2482 doesn’t hold, but 2432 is still standing, most likely it will drift downward slowly—don’t expect a violent sell-off.
If 2432 also breaks, then it’s basically time to look at 2374.
Operations in simple terms:
When you can go long: if volume confirms and price holds above 2447, you can chase a bit along with it. First look at 2486, then 2515. Don’t skimp on the stop loss—set it.
When you can go short: if 2425 gets slammed down with heavy volume and the rebound lacks strength, you can short. Keep your stop loss well-defined. On the 4-hour chart, if it breaks below 2412 again, then the targets shift to 2386 and 2341.
If you’re thinking of buying the dip cheaply: near 2375 you can place a small order to test the waters first. If 2341 breaks, don’t stubbornly hold—get out quickly.
Want to short from higher levels: you can try a short near 2515. If it pushes through 2539, then acknowledge the mistake—don’t stubbornly hold on.
More left-side idea: 2360 can be used to set up a long position first. If 2313 breaks, cut it immediately.
There are three resistance levels: 2447, 2486, 2515.
There are also three support levels: 2425, 2386, 2341.
In one sentence: don’t rush to bottom-fish now—first see whether it can reclaim 2482. Once it reclaims it, then talk about direction; if it can’t, treat it as a rebound to reduce positions.
First, the conclusion: the trend is extremely soft; the channel broke too early. Right now it’s just grinding after the drop—don’t treat it as a bottom.
Watch one level first: **2482**.
If it can bounce up to here, then there’s something to talk about; if it can’t reach it, then any rebound is just an exit opportunity.
If 2482 doesn’t hold, but 2432 is still standing, most likely it will drift downward slowly—don’t expect a violent sell-off.
If 2432 also breaks, then it’s basically time to look at 2374.
Operations in simple terms:
When you can go long: if volume confirms and price holds above 2447, you can chase a bit along with it. First look at 2486, then 2515. Don’t skimp on the stop loss—set it.
When you can go short: if 2425 gets slammed down with heavy volume and the rebound lacks strength, you can short. Keep your stop loss well-defined. On the 4-hour chart, if it breaks below 2412 again, then the targets shift to 2386 and 2341.
If you’re thinking of buying the dip cheaply: near 2375 you can place a small order to test the waters first. If 2341 breaks, don’t stubbornly hold—get out quickly.
Want to short from higher levels: you can try a short near 2515. If it pushes through 2539, then acknowledge the mistake—don’t stubbornly hold on.
More left-side idea: 2360 can be used to set up a long position first. If 2313 breaks, cut it immediately.
There are three resistance levels: 2447, 2486, 2515.
There are also three support levels: 2425, 2386, 2341.
In one sentence: don’t rush to bottom-fish now—first see whether it can reclaim 2482. Once it reclaims it, then talk about direction; if it can’t, treat it as a rebound to reduce positions.