May 12th Double Bottom Thinking


1. Quickly retraced below the lower Bollinger band (2304.24), forming a technical correction after overselling; the lower band has begun to flatten, and short-term downward momentum has been weakened.

2. The middle Bollinger band (2327.97) is still downward, but the price has already moved back from the extreme oversold area near the lower band. If it can stabilize above the lower Bollinger band, there is a high probability of initiating a corrective rebound toward the middle band.

3. The Bollinger bands form a structure of "upper band pressing down, middle band slowing, lower band flattening," indicating that the downward channel is being broken, and a rebound window is opening.

Trading suggestions:
First target: 2325–2330, retest the middle Bollinger band for a corrective rebound.
Second target: 2345–2350, test the intraday high; a breakout would signal a trend reversal.
Ultimate target: After breaking 2350, look up to the 2360–2370 range.
If the retest around 2280 fails to stabilize and rebound, and volume increases with a break below 2200, then adjust the strategy accordingly to pursue $ETH #Gate广场五月交易分享 .
ETH-0.79%
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