Hovering around the neckline, success or failure will be decided today. Brothers, we managed to get a decent bite yesterday—picked up some longs around 91000/titanium 3100 as suggested, currently with a small floating profit, still hovering near the neckline. Technically, a second-day retest is quite normal, but if it lingers here too long the pattern could fail. We need to pay close attention here; today is critical. If it breaks out, be sure to set your stop-loss at breakeven.
Daily chart shows a pullback on decreasing volume; 4h chart also shows declining volume, MACD dead cross above zero, volume is shrinking—overall, the momentum is weak and slightly bearish. There’s not much fundamental news to drive the market right now, so focus on tonight’s core PCE data. For intraday trading, go long first, then short along the Silk Road approach.
91000-90500 go long, add more around 89500, target 94100, strong momentum to 98000. Add longs around 3100, add more around 3050, target 3350, strong momentum to 3500. If the rebound at 94000/3230 fails to break, or breaks and pulls back, failed breakout—consider a short, with downside target at 91000/3100#PI #ETH #ETH
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Hovering around the neckline, success or failure will be decided today. Brothers, we managed to get a decent bite yesterday—picked up some longs around 91000/titanium 3100 as suggested, currently with a small floating profit, still hovering near the neckline. Technically, a second-day retest is quite normal, but if it lingers here too long the pattern could fail. We need to pay close attention here; today is critical. If it breaks out, be sure to set your stop-loss at breakeven.
Daily chart shows a pullback on decreasing volume; 4h chart also shows declining volume, MACD dead cross above zero, volume is shrinking—overall, the momentum is weak and slightly bearish. There’s not much fundamental news to drive the market right now, so focus on tonight’s core PCE data. For intraday trading, go long first, then short along the Silk Road approach.
91000-90500 go long, add more around 89500, target 94100, strong momentum to 98000.
Add longs around 3100, add more around 3050, target 3350, strong momentum to 3500.
If the rebound at 94000/3230 fails to break, or breaks and pulls back, failed breakout—consider a short, with downside target at 91000/3100#PI #ETH #ETH