Tongge 7.23 ETH Ideas

$ETH Enter the 1950-1960 zone for a bounce trade; stop the loss at 1980. First target 1900, second target 1880.
If there’s a pullback to around 1900 and it stabilizes, take a light position to extend; stop the loss at 1870, target 1940-1960.

Yesterday, er bing struck 1960 twice, but neither time resulted in an effective breakout. I accurately pinpointed Tongge’s buy order/zone from 1940-1950 yesterday. After that, the price pulled back.
This round of the er bing rebound is indeed strong, but when it reached the key area, the market started to diverge. Testing above 1950 repeatedly couldn’t hold, which shows the high-level capital “relay” isn’t decisive enough.
Now the focus is still on the 1950-1960 area: if it can build volume and hold, the overhead pressure will open up; if it pushes higher again and meets resistance, the short-term outlook remains for a pullback to digest.
A strong market isn’t afraid of going up—it’s afraid that when it rises to the key level, no one comes in to take over.