7.10 Order Book & Market Trend Analysis



Erb Silk Road Reference Layout
Entry zone: around 1770—1790
Stop loss: above 1810
First target: 1740, second target: 1700

Daily prices are under pressure from the medium- and long-term moving averages. The medium-term downtrend has not been fully reversed. This round of the upswing is a recovery following oversold conditions; the rebound has sufficient room, and it also brings with it a need for a technical pullback. After pushing up to 1776, the candlestick body narrows, indicating weakening upside momentum. Signs of stagnation appear as the bid side loses follow-through. When the bulls cannot keep breaking above the previous high, profit-taking is concentrated and will trigger a pullback. Once the rebound reaches the resistance zone, you can take a short position accordingly #Solana生态ANSEM暴涨 #特朗普宣布美伊停火结束 $BTC $ETH
BTC1.75%
ETH1.27%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned