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Today’s early commentary on “Er Bing” (alt pattern) strategy
Action:
Short from around 1960-1980
First target: 1930-1900
Second target: 1880-1850
Set your stop-loss properly
“Er Bing”’s overall recent trend is clearly stronger than “Da Bing”; the pullback after the recent spike is a normal corrective move, and the bullish trend hasn’t been broken. The buy orders near the lower middle band are relatively active, and once the price stabilizes, it may test the previous high area upward again. The 4-hour MACD still maintains a bullish crossover; although bullish momentum has slowed, it hasn’t faded. After the RSI falls back to neutral, there is room for a rebound and repair. In terms of execution, it’s recommended to wait patiently for confirmation signals that the price retraces to and stabilizes near the middle band support area, then enter a long position with a light position size. Targets: first look at the recent pressure platform; after a breakout, then seek higher upside. The stop-loss should be set below the support zone to avoid a fake breakdown. Due to increasing high-level range fluctuations, only do short-term long trades—don’t chase, don’t use heavy leverage, and strictly manage risk. $ETH #直通IPO第二期JerseyMikes