About Dasha's Subsequent Rebound (11.7)
Good afternoon everyone. Ethereum's rebound in the past couple of days has been quite fierce. However, I want to remind everyone not to chase the price at market value right now. The common signals we see for chasing long positions are the W bottom and the shrinking volume pullback around the ice line. Ethereum has touched 2900 and started to pull back, which is already 100 points. At this time, do not short, as the upward momentum is too strong, and even more so, do not chase long positions. Wait for a pullback signal for the bulls to enter or a breakthrough with a shrinkage volume pullback before entering long. Recently, Ethereum has been fluctuating in a range between 2300-2800. If this wave of Ethereum can hold up, I am optimistic about it reaching around 3200. The 4-hour Bollinger Bands show an opening pattern, and the K-line has broken through the upper band, which is a strong bullish performance. The most stable method is to break through the ice line and pull back without breaking the structure. This method generally wins about 7 or 8 times out of 10. However, we need to see how it progresses, as time will tell. The method we can currently implement for chasing long is to pull back to the bottom of the ascending channel. You can refer to the 30-minute chart and place an order around 2727-2757 to go long, with a slightly thinner defense. If it breaks below the ascending channel, you can let it go! Place your orders, everyone. I'm going to DJ! $ETH