The newly released XPL strategy has already successfully locked in profits this round. To be honest, the undercurrents are already showing, and disagreements are widening. $ETH on a four-hour timeframe is stuck in a neither-up-nor-down position, grinding people down repeatedly. The spike in the last couple of days knocked quite a few people off the train, but if you stretch the timeframe a bit and look closely, the lows are actually being quietly lifted. The 2640 to 2670 range has been tested multiple times; each time it closes with a lower shadow, which suggests the willingness to pick up the dip isn’t weak. On volume and price action: during the declining candles, volume was shrinking. The rebound didn’t come with a huge surge in volume either, but at least there was no panic-style selloff. This kind of volume-price coordination looks more like consolidation or a shakeout rather than a trend reversal. The area between 2700 and 2725 is indeed short-term resistance. The trapped longs and short-term profit-takers from earlier will likely create a split there, so the first push upward probably won’t happen all at once.
But if we look from another angle: if it can’t even touch 2700, then the depth of this pullback would be too extreme—and that would conflict with the structure of the prior higher-low formation. I’m more inclined to believe that as long as the 2620 level isn’t effectively broken downward, the long bias structure is still intact. Retesting around 2640 may actually be the more comfortable risk-reward zone. Market sentiment is currently cautious. Many people are watching the 2700 integer level and not daring to move; this kind of hesitation is exactly the moment to plan and position. Once the price truly holds above 2725, the cost of chasing becomes completely different.
Trading is essentially betting on probability and payout. At this point, the downside stop-loss space is clear, and the upside target isn’t far. It’s worth a try. $ETH
🟢 Trade Direction: Long
📍 Entry Range: 2641 – 2671
🛑 Stop Loss: 2621
🎯 Take Profit 1: 2701
🎯 Take Profit 2: 2726
Gaze upon the vast mountains and seas; observe the subtle movements of the market.
Travel alongside Uncle Xiong, and see every day’s gains and losses.
#ETH
Click below to trade 👇
But if we look from another angle: if it can’t even touch 2700, then the depth of this pullback would be too extreme—and that would conflict with the structure of the prior higher-low formation. I’m more inclined to believe that as long as the 2620 level isn’t effectively broken downward, the long bias structure is still intact. Retesting around 2640 may actually be the more comfortable risk-reward zone. Market sentiment is currently cautious. Many people are watching the 2700 integer level and not daring to move; this kind of hesitation is exactly the moment to plan and position. Once the price truly holds above 2725, the cost of chasing becomes completely different.
Trading is essentially betting on probability and payout. At this point, the downside stop-loss space is clear, and the upside target isn’t far. It’s worth a try. $ETH
🟢 Trade Direction: Long
📍 Entry Range: 2641 – 2671
🛑 Stop Loss: 2621
🎯 Take Profit 1: 2701
🎯 Take Profit 2: 2726
Gaze upon the vast mountains and seas; observe the subtle movements of the market.
Travel alongside Uncle Xiong, and see every day’s gains and losses.
#ETH
Click below to trade 👇