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ETH is stuck in a narrow range of 2330-2390, and a turning point is expected tonight!
The price is trying to turn around in four hours, but the six-hour moving average is holding it firmly down – 2330 is the bottom line, and 2390 is the ceiling. The price has been stuck in this range for a long time. The Fed's decision tonight could trigger a breakout at any time.
—A breakout with volume above 2390 officially initiates a bullish trend, targeting 2420-2440, with a stop-loss at 2450. Before reaching 2390, all upward movements should be treated as bull traps.
—A break below 2310 invalidates the four-hour rebound structure, and the bears will continue their downward trend, targeting 2230-2250, with a stop loss at 2215.
—Current strategy: Primarily buy on dips, supplemented by sell on rallies.
Will 2330 or 2390 be broken first tonight? Will major players trigger stop-loss orders before the Fed decision?
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#Tencent Meeting: 636-288-2556
Disclaimer: The above content represents only the author's personal views and is intended to assist investors in understanding relevant information in the capital market. It does not constitute any investment advice and does not represent the position or views of AiCoin. The market is risky, and investment requires caution.
