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#ETH Monday Afternoon Trading Ideas for the Second Wave
If the 4-hour level drops below 2261, the target below is 2218-2171.
The second wave previously broke the box range, then rebounded to test the upper boundary of the box, but unfortunately failed to regain inside the box.
Currently, the market still holds the key support of the bullish line around 2257; as long as it does not break below this, the trend still has a chance to turn around.
Once it breaks below 2257, look downward to 2196 for a stop-loss.
For the second wave to stop falling and rebound, the only condition is to regain inside the box range.
Trading suggestions:
Break above 2290 with volume, go long on the right side, set a stop-loss
Break below 2261 with volume, go short on the right side, strictly set a stop-loss
Rebound from the support at 2200 and stabilize, consider going long, stop-loss if it breaks below 2174
Touching 2377 above can go short, break above 2396 stop-loss
Place a buy order at 2133 on the left side, stop-loss if it drops below 2101
If the hourly level stabilizes above 2290, look at 2342-2377 above