Gulfstream Notes

ETH looks for a pullback opportunity. Last week, whether driven by news flow or market sentiment, all price action is reflected in the K-line charts. No matter how much it drops, the 4-hour chart still remains arranged in a bullish order. Next, try placing a limit order near the resistance level around 1892 to enter, catch a wave of the pullback, with a target around 1826. Switch to the daily chart: three consecutive pushes up have already been completed. The key now is whether the next daily K-line can test the previous high and form an SB or 2B—meaning a test of the prior extreme point. Assuming a long upper wick is left (a near-fake breakdown), then a double-top structure is established, and you can switch to lower timeframes to look for a shorting opportunity. Here, pay attention to the breakout around 1920; this trade should have a wide stop loss. Set the stop loss around 50 to prevent being hunted. $ETH