7.27 Chengan ETH trading ideas layout



  The second day roll-over period is in a pullback correction phase within a bullish trend. Price started a one-way rise from the 1,863 area, climbing to a high at the 1,966 peak, with a short-term gain of over 100 points. The Bollinger Bands remain upward-opening, the mid-term moving averages are in a bullish arrangement, and the larger bullish structure has not been broken

  Entry range: 1,915-1,925 (strong support at the Bollinger middle band; take profit and clear a trial position)

  Stop-loss defense: 1,900 (if price breaks below the 1,900 psychological level, the short-term bullish logic fails; cut losses decisively)

  First take-profit: around 1,960 (near the intraday prior high; reduce position by 70%)

  Second take-profit: around 1,980 (near the Bollinger upper band and pressure level; let the remaining position track the continuation after a breakout above the prior high.)$ETH
ETH-3.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned