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7.14 Two Biscuits
Two Biscuits’ rebound this round is a weak bounce after a heavy drop, with no real follow-through. The overall 1-hour BOLL channel is still trending downward. During the rebound, volume can’t keep up seriously—there isn’t much capital willing to step in and prop up the price. It’s most prudent to short in line with the larger trend. $ETH
Short around 1790-1810, target 1750 and 1700
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