First of all, from the ETH daily chart perspective, it started to pull back after hitting the 50% Fibonacci level. Of course, we need to look at the effect of the bullish line on May 13th. If it continues to pull back afterward, we need to pay attention to two places: 1. The opening price of the bullish line. If it adjusts around three days later and pulls back to the opening price of this bullish line, and it stops falling, it means that the bearish force is weakening. Then I can try to go long around this area, which is the part marked with a red line in my picture. 2. To prevent the long wick candle from reaching the lowest price of this bullish line, which is around the Fibonacci 0.382 level of 2410-2420. We also need to pay attention to this place. After rising so much, a pullback point is normal. No matter how others see it, I still see it as bullish. I will continue to pay attention to the 50% Fibonacci level.



#ETH I am not looking at the hourly chart. I will handle the hourly positions during the live session or in the updates. I still haven't seen a top appear on the daily chart.
ETH-2,24%
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