$ETH Evening Thoughts:
At noon, the second pancake was quite strong, while the big pancake dropped and the second pancake rose? How come just a few hours later, the second pancake has wilted?
What happened to the past shape of the second pancake? You need to strengthen yourself! The second pancake wilted because the exchange rate is not good. If the exchange rate doesn't rise to 0.03936, it will have to come down and test around 0.03659; if the support holds, it may rebound, but if it breaks, we will continue to test downwards.
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Talking through the chart: The second pancake at the hourly level must develop according to the M shape I drew, believe it or not, if you don't believe it, just wait and see!
Carefully observe the chart and act accordingly. Be ready to attack or defend. Pay attention to the volume-price relationship and set your stop loss properly. If the second pancake breaks 3838, you can continue to look down at 3768-3684. Without new narratives to support it, it’s hard to continue rising, just like a person can’t have strength without eating, right?
No matter how good the sentiment is, it doesn’t work; it’s just not strong enough 😃, meeting adjourned.