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10.28 Wednesday Market Overview: ETH Longs Gain 50 Points, Breakeven Stop-Loss Targets T2

ETH longs entered at 2300 yesterday, with the lowest wick at 2296—an accurate entry. T1 was also hit smoothly, securing a 50-point gain. With the stop-loss at breakeven, the target is T2; if you don’t want to risk giving back profits, you can also exit at market price.

Looking at the chart, ETH formed a W-shaped multiple bottom at 2300. Based on a 1:1 proportional rebound from the head to the neckline, ETH may face resistance around 2400.

However, 2404 is exactly where this market pullback began. Longs caught in positions and spot ETH held for options settlement may also be sold here, while short sellers may enter here as well.

Set up a short on the left side at 2404, with 2459 as the stop and targets near 2349 and 2309.

If you’re just passing by, please follow, like, and comment—your support means the most to me. Thank you so much! The above information is for chart analysis only and is not trading advice;
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InterestReaper
34 minutes ago
Banked 50 points first; holding with a breakeven stop feels stress-free. Thanks for sharing
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KeyManagerKyle
an hour ago
Following now; waiting for T2 to arrive and seeing if I can flip to a short
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AuroraObserver
an hour ago
I’ve been watching 2404 as a resistance level for a long time. Options expiry + selling pressure from underwater holders—the logic makes sense
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OptionsWoodcutter
an hour ago
First Review
The W bottom looks textbook, and getting in at 2300 feels great
0View Original