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Today’s Double Coin early morning analysis
Operation:
Rebound near 2300 for a high-level short-term trade
First target 2260
Second target 2220
Strict stop-loss, tightly control position size
Double Coin is showing short-term sideways weakness, with the bears gaining momentum yesterday, quickly falling from the high of 2344.88, with a full-day unilateral decline.
The bulls are under pressure throughout, with the downtrend continuing into the early morning, after testing support at 2255 and stabilizing, rebounding, currently fluctuating around 2290.
Although the daily chart structure shows some recovery, the short-term rally has failed to sustain, breaking below the middle band of the Bollinger, with a lack of rebound strength, dominated by the bears. $ETH