Since early yesterday morning, the persimmon market 🛳️ has continued to show a slight oscillation trend. Analyzing the 4-hour candlestick chart, it is running along a downward channel, rebounding at the bottom near 104200 points, and when it rises to around 106000 points, it encounters strong resistance above, leading to a pullback. The overall fluctuation range is relatively limited.
Looking at the current persimmon market pattern, there is still no clear bottom signal in this round of ↓ trend. Coupled with the increasingly tense geopolitical situation in the Middle East, this instability factor will further expand the persimmon market ↓ space. Suggestion:
Big Cake: Fluctuating around 105800 - 106300, the targets are sequentially set at 104300, 102800, 101300, with a stop loss set at 106800. Two cakes: Around 2570-2610, the targets are 2530, 2460, and 2390 in sequence, with the stop loss set at 2700. #ETH #ETH
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6.14 midday analysis
Since early yesterday morning, the persimmon market 🛳️ has continued to show a slight oscillation trend. Analyzing the 4-hour candlestick chart, it is running along a downward channel, rebounding at the bottom near 104200 points, and when it rises to around 106000 points, it encounters strong resistance above, leading to a pullback. The overall fluctuation range is relatively limited.
Looking at the current persimmon market pattern, there is still no clear bottom signal in this round of ↓ trend. Coupled with the increasingly tense geopolitical situation in the Middle East, this instability factor will further expand the persimmon market ↓ space.
Suggestion:
Big Cake: Fluctuating around 105800 - 106300, the targets are sequentially set at 104300, 102800, 101300, with a stop loss set at 106800.
Two cakes: Around 2570-2610, the targets are 2530, 2460, and 2390 in sequence, with the stop loss set at 2700.
#ETH #ETH