Ethereum M top falls | Narrow range oscillation | Focus on support at 1995 | Caution in shorting

11.30 Changlu video analysis: Click to watch

The rebound near 2077 formed a 4-wave rebound. Changlu mentioned in both the video and the article yesterday that as long as the rebound does not break through the high point of around 2095, there is a chance to form a 5-wave pullback. It was also mentioned in the video yesterday that if a Fibonacci 0.619 M top is formed in the event of another rebound, then it will pull back, receiving support from the Fibonacci sequence at the 0.236 level. The market has been oscillating around 2025, and today's operation can still focus on the support of the daily middle rail. If it falls through, there will be a chance to test the support near 2000 points. The establishment of the 5-wave pullback model requires breaking through the low point of the third wave, around 1985, so everyone can pay more attention to this position. You can focus on the support of the upward trend line near 1975 below, which is a cautious shorting position. Of course, what I teach here is a method of reading the market. If you can't grasp it, you can find Changlu.

Operation suggestion: Real-time strategy provided

Reminder: The strategy is for reference only. Operate with good stop-loss and take-profit measures. Set take-profit targets and move stop-loss to protect profits while avoiding excessive profit retraction.

The currency circle trading is always in full swing. It is everyone's common wish to seize the opportunity to get a share. Please believe that "the only thing between you and financial freedom is a long road." Believe that with the guidance of Changlu, you will definitely achieve the dream of wealth in the currency circle faster and more steadily.

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