$ETH Weekend recap! With direction.
OK, brothers! After last Friday's non-farm payrolls data smashed the market, the bulls were directly pressed to the ground and rubbed; the liquidation data for long positions was indeed alarming. After the recap, let me share some practical insights.
Although weekend liquidity was poor and the U.S. stock market was closed, the overall market was still slowly climbing, and it was obvious that funds were quietly entering and positioning. At the current 2430 level, it has been slammed three times without breaking through, which shows that buying support from funds is very strong, and someone is quietly absorbing supply below. Looking at the hourly chart, the market continued to strengthen over the weekend, with a solid bottom support. Overall, it is still in a range-bound shakeout phase—the purpose is to clear out weak hands and reduce obstacles for the next move up.
In terms of trading, if it pulls back to around 2450 and stabilizes, you can go long with a small position, with the upper target around 2520. Specific trading details will be synced by Brother Gang to the Steel Fortress; the public square has too much delay, so just keep a close eye on it.
The market will never stop you from making money, but it also won't judge for you. When it's time to act, don't hesitate. Meeting adjourned!#伊朗称袭击3艘美舰3艘油轮 #美伊互袭油轮冲突升级 #伊朗将设霍尔木兹海峡限制区
OK, brothers! After last Friday's non-farm payrolls data smashed the market, the bulls were directly pressed to the ground and rubbed; the liquidation data for long positions was indeed alarming. After the recap, let me share some practical insights.
Although weekend liquidity was poor and the U.S. stock market was closed, the overall market was still slowly climbing, and it was obvious that funds were quietly entering and positioning. At the current 2430 level, it has been slammed three times without breaking through, which shows that buying support from funds is very strong, and someone is quietly absorbing supply below. Looking at the hourly chart, the market continued to strengthen over the weekend, with a solid bottom support. Overall, it is still in a range-bound shakeout phase—the purpose is to clear out weak hands and reduce obstacles for the next move up.
In terms of trading, if it pulls back to around 2450 and stabilizes, you can go long with a small position, with the upper target around 2520. Specific trading details will be synced by Brother Gang to the Steel Fortress; the public square has too much delay, so just keep a close eye on it.
The market will never stop you from making money, but it also won't judge for you. When it's time to act, don't hesitate. Meeting adjourned!#伊朗称袭击3艘美舰3艘油轮 #美伊互袭油轮冲突升级 #伊朗将设霍尔木兹海峡限制区
