7.6

ETH: Light long test near 1775-1780, stop loss 1755, target area 1795-1800;
Above, wait for reversal control opportunity in the 1805-1815 range, stop loss 1825, target 1785-1775.
The market pushed from the low of 1750 all the way to 1783, with consecutive bullish candles on the 4-hour chart. The AVL average of 1784 is exactly at the current price, and the bulls' control pace is acceptable.
However, chasing longs directly at this level is not cost-effective. It is safer to wait for a pullback to 1775-1780 before acting.
The 1805-1815 area above is the recent high area and also a dense chip zone. When volume shrinks at resistance, it is easy to get rejected. MACD fast line is flat above the zero axis, KDJ is high near overbought territory, indicating a need for technical correction.
Intraday, first look at the 1775-1805 range oscillation. A breakout with volume above 1805-1815 is needed to continue upward. If 1775 fails, then a pullback to 1760-1755.
When long positions reach the 1795-1800 area, reduce half of the position; completely exit at 1805-1810. For reversal control, wait for signs of stagnation in the 1805-1815 area before acting.
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