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7.24 market overview: #ETH Multiple M tops appear; short on the bounce. After a pullback, go long.
ETH formed a multiple M top pullback structure within the 1929-1939 resistance zone. Even if the market rebounds to this area, shorting is still preferred.
1847 serves as a pivot point for role exchange, connecting the previous and next move. Both bulls and bears have opportunities. Closely watch the right-side price action around here.
1809 is the confluence point where the Fibonacci 0.618 level between the ascending trendline low and high aligns with support. If the market pulls back, it may mark stops around here and form a rebound.
On the left side:埋伏 (set up) long at 1809, add on at 1747, defend at 1702, targets at 1871 and around 1939.
$ETH
On the left side:埋伏 (set up) short at 1939, defend at 2011, targets around 1867 and 1809.
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