Daily market analysis - ETH.
The reference period is 4 hours.
Yesterday I mentioned that you can go long, and the stop loss can be set below the 2398 area.
From the current market, although the price was supported in the 2398 area many times yesterday, I still tend to favor the rebound stage in the downward trend.
I think it is best to reduce the position and exit after reaching the upper target (TP).
There are two target positions, one is TP1: 2495 area, which is based on the expectation of box shock. 👗👉 See my ID
The other is TP2: 2560 area, which is a resistance area that has not been touched yet.
