7.10 Erbing



At the daily level, after six consecutive days of gains, it has already closed three consecutive bearish candles, pulling back for adjustment. Currently, the price is supported by the BOLL middle band and has formed a small bullish candle, barely stabilizing and repairing the move. However, the rebound momentum is getting weaker; moving upward is all resistance levels, and bulls can’t pull up a sustainable upward trend. $ETH

Short around 1750-1780, targets 1730 and 1700.
$LAB $HYPE #特朗普宣布美伊停火结束 #USD1链上质押享年化8.88%
ETH0.42%
LAB-17.74%
HYPE0.14%
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SymbolsInTheReflection
· 3h ago
The BOLL middle band is barely holding, but the rebound strength is clearly weak. In this kind of market, chasing longs is likely to get trapped, so long entries are easy to be buried. For short positions, moving the stop-loss to around 1805 still offers fairly good cost-effectiveness.
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0xLateDiner
· 5h ago
The short position at 1750-1780 is quite conservative, but after three consecutive bearish daily candles, the rebound is on low volume, so it's indeed likely to continue downward. Let's first see if the first target of 1730 can be reached.
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