$ETH Evening Thoughts:
You don't even need to look at the chart for the second pancake, just watch the exchange rate. When the exchange rate rises, the second pancake rises; when the counterfeit rises, it rises too. They are all interconnected. If the exchange rate doesn't rise, no one should expect good things. So, the exchange rate is the lifeblood of the second pancake.
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Talking with the chart: Let's see if the second pancake exchange rate can close above 0.03114 at 8 PM. If it can close above, we can continue to look up at 0.03212-0.03287. If it can't close above, then we'll continue to swing back and forth here!
For the second pancake, if it breaks 3266 with volume, buy on the right side; if it breaks 3257 with volume, sell on the right side to catch the pullback. Just take a bite and run, don’t be greedy, and set a good stop loss.
I expect that in the first 10 minutes after the PCE announcement tonight, it might dip down, which could give an opportunity to get in. If not, just watch it perform.
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For the second pancake, at the hourly level, it must break 3300. Only by breaking 3300 can we look up at 3333-3364.
If it doesn't break 3300 for a long time, the probability of pulling back is very high. If it breaks down the 3210 level at the 4-hour level, we will look down at 3176-3128.
Hurry up and break 3300! I really don't want to see the second pancake drop back down again. Currently, the second pancake at the 4-hour level has already stabilized above the EMA 50-day moving average,
The next resistance level is the EMA 200-day moving average at 3320. Whether it can break through in one go depends on tonight's meeting.