ETH's decline this morning came quite quickly📉📉📉, but don't worry, let's analyze it calmly first. Draw the descending channel and find the support level before judging.
From the market, the key point now is 2290. If it continues to fall below this position, it is likely to accelerate the decline next. But the price is currently stable at the support level. If it does not rebound quickly and consolidates around it for too long, there will be risks. Long-term attack will inevitably break.
What to do next? Simple, observe the point of 2290. If it falls below, brothers who have not followed can consider following the short order. If you want to open a long order, wait until the price breaks through the descending channel and does not fall back again before entering a long order. Of course, this point is also a good opportunity to open a short position. Aggressive brothers can directly enter the market at the market price and open a long position, and set the stop loss at the previous low position.
Don't be timid, go up when you should, and run when you should. 😅
