7.16 Bingbing trading plan

Light positions around 1920-1925, stop loss 1935, first target 1900, second target 1880.
If you want to do Duo, wait for stabilization around 1880 before adding again; stop loss 1870, targets 1900/1920.

ETH current price is around 1915. On the 1-hour timeframe, the price has repeatedly tested above 1920 but failed to hold; the candlesticks have continuously formed upper wicks, indicating that sell pressure around 1930 remains heavy. The short-term moving averages have started to flatten and stick together, and bullish momentum is clearly weakening. In the short run, the market has entered a high-level consolidation with stagnant gains.

This bounce is more of a passive lift following BTC, not a strong independent breakout. During the push higher, volume has not expanded effectively. After repeated pressure at the highs, pullback demand is building up. Bulls haven’t completely exited yet, but chasing long at this level already has poor cost-effectiveness.

Key levels to watch in the short term:
Overhead resistance: 1920-1930
Major resistance: 1950
Support: 1900-1880
Major support: 1860-1850

For execution: you can enter directly in the current range of 1915-1920. Add on a rebound around 1925. Set a unified stop loss above 1935. First target is 1900; if it breaks down, then look at 1880. If 1880 stabilizes, consider flipping to do Duo; if it breaks below 1860 with increased volume, only then will bearish space truly open up.

Trading is not about who runs faster, but who can see clearly and hold firmly. The market always brews in hesitation, then reverses in consensus. #ETH$ETH