This morning's thinking on Erbing

Operations:
Go long near 1770-1760
First target 1800-1820
Second target 1870-1900
Set stop loss properly

Erbing's sentiment has hit an ice point, and an oversold rebound is imminent. The price accurately retraced to the daily Bollinger lower band support, and the short-term RSI has entered the extreme oversold zone around 22, with oversold degree significantly greater than the broader market. After the concentrated release of bearish momentum, the need for technical repair is extremely urgent.
The rebound repair strength after a sharp drop is often stronger. Currently, it is a high-cost-performance left-side long test window. The target is a technical return to the middle band area.
Wait for a signal of stabilization, do not blindly guess the bottom.
Do not chase shorts during sharp drops; patiently wait for signs of stabilization such as slowing decline speed and buyer support before entering.
If it breaks below the lower band support with volume, the oversold rebound logic will be invalidated, and you should decisively exit and wait on the sidelines. Before that, maintain the approach of buying on dips.$ETH #GT二季度销毁257万枚