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$ETH Currently around 2179 USDT. Do you think we should keep grinding higher, or is it about time to pull back a bit?
To give you my conclusion upfront, I lean more towards: it looks like a high-level divergence, not suitable for continuing to chase long positions.
Here's my reasoning:
First, the buying momentum isn't strong enough; there's still a lack of energy to break through higher.
Second, the continuation after a spike is average; chasing long positions here risks entering an awkward position.
One more thing: I only trade high-level sentiment coins; I avoid low-level slow-rising coins and weak coins that have already fallen apart.
More comfortable entry point: 2197 USDT
Estimated target price: 2066 USDT
Stop-loss reference: 2249 USDT
But the biggest risk at this level is that the resistance level gets broken through with high volume.
If you were trading this, would you buy more and hold a bit longer, or just stay away altogether?