From the daily chart perspective, after the price bottomed out and stabilized, it has consecutively formed three bullish candles, rebounding to the vicinity of the recent drop before entering a consolidation phase. Currently, the daily chart has once again formed a doji pattern, which reflects insufficient market liquidity and a temporary lack of momentum to push the market towards a strong unilateral trend. It is highly likely that the consolidation pattern will continue in the following period.
Looking at the four-hour level again, the price shows a strong upward trend with solid bullish candlesticks, accompanied by two consecutive bullish candles with increasing volume. At the same time, the KDJ indicator has completed a turn at a low level and is gradually recovering upwards. Combining this with the performance of short-term momentum, the early morning strategy can continue with the idea of "building long positions after a pullback," relying on the recent lower edge of the oscillation range to find entry opportunities.
Operation suggestion: Buy around 4300-4270, looking to sell around 4350-4400. #ETH##GateioInto11#
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9.5 ETH strategy analysis-
From the daily chart perspective, after the price bottomed out and stabilized, it has consecutively formed three bullish candles, rebounding to the vicinity of the recent drop before entering a consolidation phase. Currently, the daily chart has once again formed a doji pattern, which reflects insufficient market liquidity and a temporary lack of momentum to push the market towards a strong unilateral trend. It is highly likely that the consolidation pattern will continue in the following period.
Looking at the four-hour level again, the price shows a strong upward trend with solid bullish candlesticks, accompanied by two consecutive bullish candles with increasing volume. At the same time, the KDJ indicator has completed a turn at a low level and is gradually recovering upwards. Combining this with the performance of short-term momentum, the early morning strategy can continue with the idea of "building long positions after a pullback," relying on the recent lower edge of the oscillation range to find entry opportunities.
Operation suggestion: Buy around 4300-4270, looking to sell around 4350-4400. #ETH# #GateioInto11#