June 28th Air Cut: Ethereum's intraday pullback continues to be bullish

This market is never short of bold players, nor is it short of timid ones. What we need to do is to find a balance in between, our own balance. It seems that those who are bold are also meticulous, and the difference between bold and timid is not absolute, but relative. This is not important. As long as you have the courage and add your carefulness, there will always be a place for you in this market.

ETH/Daily Chart

On the daily chart of Ethereum, the price experienced a sharp decline at the beginning of the week, followed by some small candlestick patterns after a large bearish candle. From the chart, it is currently within a downward channel, approaching the resistance at around 3490 points. Of course, the premise is that the daily closing price cannot effectively break through and stay above the resistance of the channel, which is the situation of gaining or losing in the 3490-3500 area in the short term. As long as this area is repeatedly stabilized, the future still looks promising for a strong rebound. Conversely, if the resistance in this area cannot be held, the market will continue to weaken.

ETH/4H Chart

On the 4-hour chart of Ethereum, the price was suppressed around 3490 in the morning, and fell back to around 3410 in the afternoon. The price gradually moved upward, forming a roller-coaster trend within the day, with a drop followed by a rebound. Those who like trending markets will be passive. In the evening session, attention needs to be paid to the resistance at 3490, followed by 3550, and the support at around 3420-3350, corresponding to the retracement trend line in the chart. The suggested operation is to buy on the pullback.

Strategy 1: Buy in batches on the pullback to 3430-3410, stop loss at 3380, target to see 3460-3490. Hold after breaking through.

The above is a personal suggestion, for reference only. Investment involves risks, and trading should be cautious.

There may be a delay in posting, and the market changes rapidly. The mentioned points in the article do not serve as a basis for following orders. For more information on the market and order execution, refer to real-time strategies for air cuts.

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This article is original content by "Pionex", with over ten years of investment experience, having managed funds at the level of tens of millions, familiar with the operation of main funds, washing and absorbing chips, and boosting techniques. It can achieve the integration of knowledge and action in fund management, position control, investment portfolio, and investment mentality. Proficient in judging and analyzing the trend of the overall market, and well-versed in various candlestick technical tactics, with deep insights into wave theory, pattern theory, and indicator theory. Scan and follow the public account above for technical market learning and communication.

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