$ETH 2297 overbought false alarm, rebound 2400 directly short
Single day plummeted 10%, RSI seems overbought, but in fact it is a false alarm after breaking, the current trend is still bearish, bottom fishing is just giving away money
After the symmetrical triangle pattern breaks, it rushes to 22, 2295 is just weak support, 2200-2210 is the final defense line, breaking down directly looks at 1900
Resistance now 2400-2480 is pressing hard, previous support turns into pressure, rebound is very difficult to break through
It is recommended to short lightly at rebound 2400-2480, stop loss above 2500, target 2250-2300
If trying to long at market price, strict stop loss at 2250, target 2400-2450 take profit when seen good
ETH is currently dominated by breaking + negative news, overbought rebound is just a short opportunity, long positions must not blindly bottom fish!
Single day plummeted 10%, RSI seems overbought, but in fact it is a false alarm after breaking, the current trend is still bearish, bottom fishing is just giving away money
After the symmetrical triangle pattern breaks, it rushes to 22, 2295 is just weak support, 2200-2210 is the final defense line, breaking down directly looks at 1900
Resistance now 2400-2480 is pressing hard, previous support turns into pressure, rebound is very difficult to break through
It is recommended to short lightly at rebound 2400-2480, stop loss above 2500, target 2250-2300
If trying to long at market price, strict stop loss at 2250, target 2400-2450 take profit when seen good
ETH is currently dominated by breaking + negative news, overbought rebound is just a short opportunity, long positions must not blindly bottom fish!