9.3 Midday Market Outlook 📈
$ETH Plan:
The second setup, with volume breaking above 2395, chase long on the right side, and set a stop loss back.
2368 breaks down below the right-side level with volume—chase short and keep your stop loss in place.
On a pullback to 2311 to confirm support, go long with one more position. If it breaks below 2277, stop out.
The second setup, if it holds on the hourly timeframe above 2395, look upward to 2420–2452.
If price stays above, watch for 2452 to possibly provide a short entry. If it breaks above 2493, stop out.
Left-side wick/pending orders: 2256 long; if it breaks below 2222, stop out.
Overhead resistance: 2395–2420–2452
Support below: 2368–2311–2277
On the 4-hour timeframe, if it breaks below 2355, look downward to 2311–2277.
If the second setup can’t break through the yellow descending trendline, the rebound can’t continue. That only suggests the second setup is temporarily bottoming out, and that on the hourly timeframe, both the highs and lows of the second setup are decreasing.
If you want a rebound, first it needs to break above the consolidation zone marked by the white box. Only after breaking that consolidation zone and creating a higher high—that is, breaking above 2420—can the rebound continue. Then look upward to 2485. If the white-box-marked consolidation zone can’t be broken, it will keep trading in the range of 2420–2356. That’s it. Meeting adjourned.
#沙特称伊朗在霍尔木兹袭击其船只 @Binance BiBi
$ETH Plan:
The second setup, with volume breaking above 2395, chase long on the right side, and set a stop loss back.
2368 breaks down below the right-side level with volume—chase short and keep your stop loss in place.
On a pullback to 2311 to confirm support, go long with one more position. If it breaks below 2277, stop out.
The second setup, if it holds on the hourly timeframe above 2395, look upward to 2420–2452.
If price stays above, watch for 2452 to possibly provide a short entry. If it breaks above 2493, stop out.
Left-side wick/pending orders: 2256 long; if it breaks below 2222, stop out.
Overhead resistance: 2395–2420–2452
Support below: 2368–2311–2277
On the 4-hour timeframe, if it breaks below 2355, look downward to 2311–2277.
If the second setup can’t break through the yellow descending trendline, the rebound can’t continue. That only suggests the second setup is temporarily bottoming out, and that on the hourly timeframe, both the highs and lows of the second setup are decreasing.
If you want a rebound, first it needs to break above the consolidation zone marked by the white box. Only after breaking that consolidation zone and creating a higher high—that is, breaking above 2420—can the rebound continue. Then look upward to 2485. If the white-box-marked consolidation zone can’t be broken, it will keep trading in the range of 2420–2356. That’s it. Meeting adjourned.
#沙特称伊朗在霍尔木兹袭击其船只 @Binance BiBi
