7.23 Wang Ye’er Bing’s trading idea

Entry range: 1890 - 1910 (wait for price to pull back into this support zone and stabilize before positioning; avoid chasing at highs)
Defense stop-loss: 1860 (if it breaks through near-term key support and the EMA defense line, exit without hesitation)
Take-profit targets:
First target: 1955 (range-bound consolidation pressure level)
Second target: 1980 (upper Bollinger Band band and prior high breakout objective)

Core logic: The 4-hour uptrend channel remains intact, with the EMA ladder in a bullish arrangement and the larger structure leaning strong. At current high levels, price is in a narrow consolidation—this is only floating profit washing after a spike and building momentum, and there’s no top-reversal signal yet. The key levels below offer solid support. The MACD red histogram shrinking suggests a short-term pullback may be needed, but overall the uptrend structure hasn’t been broken. After a pullback, once 1900-1920 support stabilizes, it’s expected to gain strength again to test and break the 1962 resistance level. Going long on dips in alignment is the main plan. #eth