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#ETH Afternoon Trading Ideas
The second candlestick yesterday falsely broke the flag pattern and formed a variation of the Morning Star, but it failed to break through the flag and pulled back. Now it's testing the lower boundary again. As long as it stays above 2257, it's fine; a break below indicates weakness.
Trading suggestions:
For 2338, break through with volume and go long directly, set a proper stop loss.
For 2317, break down with volume and go short directly, don't forget to set a stop loss.
Support at 2273 stabilizes; go long if it holds, exit if it breaks below 2232.
If it stabilizes above 2338, look for 2363-2397.
Near 2397, consider shorting; stop loss if it breaks 2416.
Left-side setup: go long at 2201, stop loss if it breaks below 2160.
4-hour break below 2306, target 2258-2216. $ETH