Tongge 7.28 ETH strategy


$ETH Around 1900-1920, , stop at 1950; first target 1850, second target 1820.

Yesterday Erbing was still the best-looking guy in the market; today he’s directly become the hammer that’s leading the decline. Price has effectively broken down below the 1900 integer level, and the strong short-term structure has already started to weaken.

In the 1900-1920 zone, it was previously the key support area to watch, but once it breaks, the role changes—support becomes resistance. After the subsequent rebound back to this area, it will face two forces at the same time: those trapped earlier trying to get out, and the ones who to exit after chasing. The closer the rebound is to the resistance zone, the more likely you’ll see divergence.

The trend hasn’t changed, but short-term sentiment has cooled off. If the rebound can’t break above the resistance zone, that’s when order starts to regain control of the rhythm. #CLARITY法案进入最后关键阶段
ETH-4.20%
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