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$ETH May 14 Midday Double Bullish Strategy
Yesterday, the double surge touched the 2300 level, but the market quickly retreated before stabilizing, repeatedly losing the key support at 2250 and hitting new lows for the phase.
To initiate a decent rebound, the price must volume-break through this critical isolated resistance at 2268. Only by stabilizing here can there be the momentum to return above 2300. If it cannot break through, the rebound will be limited, and the overall trend remains weak.
Trading suggestions:
- With volume, stabilize and break through 2268, then follow up with long positions, strictly set stop-losses.
- With volume, break below 2249 and fail to recover, then follow up with short positions, manage risk and stop-losses.
- On the hourly chart, stabilize above 2268, with the upward target aiming for the 2300–2337 range.
- On the 4-hour chart, a valid break below 2237 indicates continued bearishness, with the downside targeting the 2176–2130 range.