After the sideways movement of 11.11ETH yesterday, the price faced resistance at 3630 and pulled back to rebound at 3510. This morning, it surged again to the 3640 area. As mentioned yesterday, the selling pressure zone is at the 3650-3620 position! This position is where retail investors are concentrated in their trap orders. If it cannot effectively hold above, it will likely move to the next area, which is 3510-3540. Throughout the day, we will focus on the support in this area. If it cannot effectively support, the price may see the 3360-3400 area again. For upward movement, we will pay attention to the retail investors' concentrated trap point at 3650. If it holds above, it will continue to see higher trade volumes up to the 3700 area and then to 3820. Currently, a top divergence is appearing in the 30-minute cycle, and there may not be strong support at the 3510-3540 area. The operation suggestion is to use the key point for the next support area.
Operation suggestion, hold above 3630, stop loss at 3670, pullback to watch 3530-3510-3400-3360 Do a sideways trade at 3360-3400, stop loss at 3330, aim for 3450-35100 #CoinDesk11月报告Gate战绩来袭 .
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After the sideways movement of 11.11ETH yesterday, the price faced resistance at 3630 and pulled back to rebound at 3510. This morning, it surged again to the 3640 area. As mentioned yesterday, the selling pressure zone is at the 3650-3620 position! This position is where retail investors are concentrated in their trap orders. If it cannot effectively hold above, it will likely move to the next area, which is 3510-3540. Throughout the day, we will focus on the support in this area. If it cannot effectively support, the price may see the 3360-3400 area again. For upward movement, we will pay attention to the retail investors' concentrated trap point at 3650. If it holds above, it will continue to see higher trade volumes up to the 3700 area and then to 3820. Currently, a top divergence is appearing in the 30-minute cycle, and there may not be strong support at the 3510-3540 area. The operation suggestion is to use the key point for the next support area.
Operation suggestion, hold above 3630, stop loss at 3670, pullback to watch 3530-3510-3400-3360
Do a sideways trade at 3360-3400, stop loss at 3330, aim for 3450-35100 #CoinDesk11月报告Gate战绩来袭 .