#ETH# "High Altitude or Waiting for Consolidation"

Edit time: July 7th, 6:07 AM

The previous order was closed for profit (strictly according to strategy), now let me share my thoughts.
1. The current position is not very suitable to enter again, but if you have a base position, you can take a look at the 2630-40 level.

I personally think it would be better to consolidate around 2590, which is beneficial for the northbound. Otherwise, directly challenging the resistance level of 2640 will likely be pushed down. Of course, we cannot rule out the possibility of a direct challenge here, but I am just saying that the current risk-reward ratio for entering is not high!

3.① Challenge 2640 before 8 o'clock and stabilize, then directly challenge the resistance level of 2720 after 8 o'clock! (Especially strong) ② Challenge 2640, directly return to 2590 and continue to consolidate! (Neutral strong) ③ If 2590 consolidates and cannot stabilize at this position, after switching lines, go directly south (slump/oscillation downward). Target 2545 as the first position, and observe further.
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4. In summary, if you are optimistic about continuing to go north, then enter one lot at 2590, add another at 70 below, and set a stop loss at 45 (not recommended, as the risk-to-reward ratio is too poor). My personal suggestion is to be patient and wait for the situation at 2640, or a more stable high short at 2720!

5. To add, if a door is directly drawn here before 8 o'clock, returning to around 2560, then the 8 o'clock line change will likely not be very strong going north, and will only go south.