7.24 Wang Ye Er Bing strategy

Entry range: 1840 - 1860
Defense stop-loss: below 1820
Take-profit targets:
First target: 1920
Second target: 1960

Core logic: On the 4-hour timeframe, the price retraces to the lower Bollinger Band. The MACD histogram turns green with decreasing volume, and both with shrinking trading volume jointly confirm that downward momentum is weakening and selling pressure is drying up. The 1840 - 1860 area also overlaps a high concentration of trading positions, the 0.5 golden ratio level, and multiple supports from the daily EMA30—creating a strong convergence. Buying support is relatively strong. Intraday 1880 is the line between strength and weakness: if the price holds above it, it confirms the end of the down move and opens room for a rebound. In line with BTC: as long as BTC does not break the 64,000 support line, ERBing’s rebound elasticity is stronger. Currently, the risk-reward ratio of going long on this pullback is far better than chasing shorts from a lower level—so wait patiently for the entry point. #eth