6.7 Second Brother Morning Silk Road


Second Brother is currently at 156 with fluctuations, a intraday decline of 1.30%, with a low touching 150, overall in a very weak downward channel.
Technically, the price is sliding along the lower band of the Bollinger Bands, severely deviating from the middle band and has not yet shown an effective reversal signal.
Fundamentally, net outflows of $50.59 million are also indicated, and market sentiment is lacking confidence.
The short-term key levels are below 150-152; once broken, it may accelerate downward testing 148.
Meanwhile, 158 acts as a strong resistance; before the price effectively recovers above this level, any rebound is considered a weak correction.
Trading strategy suggests more watching and less action, focusing on defense, and being cautious of further declines. $ETH
ETH3.98%
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