Lan Ce | October 9 — Morning Ethereum Silk Road Review by Er Bing $ETH
In the Silk Road setup shared this morning, Er Bing went long on a pullback into the 2450–2480 zone. The market then rebounded from a low of 2405 all the way to 2472, exactly in line with the forecast.
The swift recovery after the sharp overnight drop shows that buyers stepped in below 2400–2420. With panic selling out of the way, room opened up for a short-term recovery. Er Bing fell more sharply than Da Bing, but its rebound was relatively modest, suggesting that the bulls are still recovering. But it’s precisely at times like this that surprise rebounds are more likely.
Those who held their long positions have pocketed the gains. If you missed the move, don’t chase it—wait for a confirmed pullback before taking action. Accuracy is never a coincidence; it comes from understanding market structure and getting the timing right. #Ethereum
In the Silk Road setup shared this morning, Er Bing went long on a pullback into the 2450–2480 zone. The market then rebounded from a low of 2405 all the way to 2472, exactly in line with the forecast.
The swift recovery after the sharp overnight drop shows that buyers stepped in below 2400–2420. With panic selling out of the way, room opened up for a short-term recovery. Er Bing fell more sharply than Da Bing, but its rebound was relatively modest, suggesting that the bulls are still recovering. But it’s precisely at times like this that surprise rebounds are more likely.
Those who held their long positions have pocketed the gains. If you missed the move, don’t chase it—wait for a confirmed pullback before taking action. Accuracy is never a coincidence; it comes from understanding market structure and getting the timing right. #Ethereum