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7.7 Chenfei Talks Coin
The Ethereum market touched around 2600 in the morning, tested the key level, and was immediately pressured down. Currently, the bearish trend is gradually becoming obvious. On the technical side, the Bollinger Bands are opening downward, and the market has formed five consecutive bearish candles. The lower band position is gradually moving down, and the MA moving averages along with the middle band position are also trending downward. The KDJ indicator is opening downward in a bullish manner, and the MACD shows an increasing bearish trend. Therefore, it is advised that you can consider short positions after any rebounds.
Ethereum (ETH)
Direction: Short Position
Current price: 2590～2610
Take profit: 2530～2500
Stop Loss: 2640
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