$ETH Evening Thoughts:
Big Cake 100,000, Second Cake 3,000, Big Cake 9.2, Second Cake still 3,000, I laughed. What is going on here? The Second Cake has really performed poorly this year; if there is no new narrative, I think it will be hard to achieve significant results.
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Talking through the chart: Go with whichever side gives the opportunity first; you cannot have both fish and bear's paw. Take care of the stop-loss position shown in the chart. Pay attention to the relationship between volume and price.
The Second Cake must break through 3,363 on the hourly level; otherwise, it will be of no use. Only by breaking through 3,363 can we look up at the target positions of 3,407-3,458-3,505.
The Second Cake on the four-hour level must not fall below 3,290; otherwise, it will go back to 3,251-3,165. Christmas is coming soon, the time of least liquidity, so everyone should pay attention to the risks. Meeting adjourned.
$ETH
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