David's Trading Notes
October 7, 2026
$ETH
I. Intraday Plan
Today's intraday strategy: prioritize selling rallies, with buying dips as a secondary strategy.
1. ETH has now broken out of its consolidation range and bounced to 2639. Look to short on a lower-timeframe bearish engulfing pattern.
2. Price came just short of 2581 this morning; that level remains valid.
3. Keep a limit order at 2529.
II. Outlook
The lower boundary of the range has broken, so treat this as a correction for now. Don't look for longs inside the range. Watch how price reacts to 2639 on a rebound; if a bearish engulfing pattern forms, look to short.
For now, keep a close eye on BTC. If BTC doesn't dump, don't treat this ETH correction as a larger-degree move. Remember: until BTC dumps, this is just an intraday correction. Be patient and wait for the right levels—don't confuse yourself. David is here to be your guiding light: #币安推出BinanceIntelligence
October 7, 2026
$ETH
I. Intraday Plan
Today's intraday strategy: prioritize selling rallies, with buying dips as a secondary strategy.
1. ETH has now broken out of its consolidation range and bounced to 2639. Look to short on a lower-timeframe bearish engulfing pattern.
2. Price came just short of 2581 this morning; that level remains valid.
3. Keep a limit order at 2529.
II. Outlook
The lower boundary of the range has broken, so treat this as a correction for now. Don't look for longs inside the range. Watch how price reacts to 2639 on a rebound; if a bearish engulfing pattern forms, look to short.
For now, keep a close eye on BTC. If BTC doesn't dump, don't treat this ETH correction as a larger-degree move. Remember: until BTC dumps, this is just an intraday correction. Be patient and wait for the right levels—don't confuse yourself. David is here to be your guiding light: #币安推出BinanceIntelligence
