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Today’s early thoughts on ER2209 (ER2209) in the morning
Trades:
Short around 1915-1925
First target: 1880-1850
Second target: 1800-1750
Set a stop loss properly
In the early session, ER2209 attempted to push up several times but was repeatedly pushed back. Near the upper band, layers of sell pressure have built up. The bulls have repeatedly tested but still failed to hold their ground, and morale is clearly hit. The current price is hovering around the mid band; buy-side follow-through appetite is weak. For high-volatility products, once support is lost, the speed of retracement often exceeds expectations. Bitcoin (BTC) shows signs of weakness, and ER2209 is even less able to stay out of the fallout. The risk of a catch-up drop is building up. Any bounce is a good opportunity for going short. Lead with the idea, and wait patiently for signals. Sister Yue often says, a tree won’t grow up to the sky—sooner or later, the adjustment that’s coming will arrive. With the direction right, the rest is up to the market. $ETH #ETH突破1900美元