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Good morning, fam! Analysis of the ETHUSDT Perptual Futures market.
2395.65 may accelerate downward if it breaks.
- Key support: 2395~2386; resistance: 2416
- The 15-minute candlestick chart shows a downward trend with fluctuations. Observe whether a double bottom or rebound can form around 2395. If it continuously closes with red candles and breaks below 2395, the short-term trend will turn bearish.
- Bullish opportunity: If the price stabilizes at 2395 and KDJ forms a golden cross (K crosses above D), you can take a small long position, targeting 2416, with a stop loss at 2387.
- Short opportunity: If there is resistance around 2416 during the rebound and MACD maintains a death cross, you can short with a target of 2400 and a stop loss at 2425.
- Breaking above 2416: Observe volume for long positions, target 2438, stop loss at 2400.
- Break below 2395: Enter short position with target 2387→2371, stop loss at 2410. @ETHUSDT