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5.12 Double Bottom Analysis
The overall trend of the double bottom currently shows a choppy yet strengthening pattern. In the short term, the momentum is continuously building up, presenting an opportunity to take steady long positions.
From a technical perspective, the daily chart has stabilized within a key support zone. The moving averages are gradually turning upward. On the hourly chart, the price action remains in a bullish arrangement, pullback strength is weak, and each retracement is met with support from capital. The bottom’s focus keeps moving higher.
Relying on the key support zone, place entries in batches and strictly set stop limits below to avoid the risk of sudden pullbacks. The first short-term target is the resistance level above.
Trading Suggestions
Go long around 2300, defend 2280, target 2350. #特朗普5月13日访华 $ETH