December 5 is the 5th trading day since the low on December 1, marking a minor Gann reversal window. If the price breaks out or falls below key levels with significant volume, the 5-day cycle trend is confirmed.
If there is low-volume consolidation, the reversal window is postponed to the next cycle (such as December 8). In terms of trading, positions should be strictly controlled, and stop-losses should be set outside key support or resistance levels to avoid the risk of sharp fluctuations during the reversal window. #以太坊 $ETH
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8U2A9
· 12-04 14:52
Pull back to $3,180–$3,200 and stabilize with lower volume; you may consider adding to long positions with a small size. Set stop loss at $3,150 and target $3,250–$3,280.
December 5 is the 5th trading day since the low on December 1, marking a minor Gann reversal window. If the price breaks out or falls below key levels with significant volume, the 5-day cycle trend is confirmed.
If there is low-volume consolidation, the reversal window is postponed to the next cycle (such as December 8). In terms of trading, positions should be strictly controlled, and stop-losses should be set outside key support or resistance levels to avoid the risk of sharp fluctuations during the reversal window. #以太坊 $ETH