Bing Cake Real-Time Analysis

After the face-tested low at 1757, Panmian came under pressure and fell back; after touching 1778 and “getting a bit of action,” it entered a low-range consolidation, and the overall “shapes” pattern remains very solid.
The price rebound is constrained by the moving averages’ suppression. Above, strong selling pressure from the seller Panmian has been in place, and the upward momentum has already been used up.
Trading idea: lay out around 1765 for the rebound. The first range is 1750-1730 (reduce positions; stop 🦅). The second target is 1700-1650 (after breaking the prior low, remaining position space is for a game of odds). Place risk protection at 1795. During the day, focus mainly on a high-rebound approach. #ETH