📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
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📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
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The Ethereum (ETH) market has shown strong performance recently, with both the daily chart and the 4-hour chart displaying a trend of higher lows and higher highs, indicating the persistence of a bullish pattern. Yesterday, ETH long orders successfully reached the target of 3070, getting on board at 2961 and exiting at 3070, achieving a profit of 109 points.
However, the market has also seen some technical patterns worth noting. Around the $3100 mark, ETH encountered significant resistance, forming a potential bearish Saif pattern. This pattern suggests a possible short-term pullback, with the expected pullback target around $2956, close to the support level of $2961.
For trading strategies, you can consider the following two options:
1. Wait for ETH to break below the support level of $3100 to go short, set the stop loss at the previous high of $3154, with target prices of $3057 and $2998.
2. Ambush long orders in the range of 2956-2961 USD, with a stop loss set at 2912 USD and target prices of 3031 USD and 3078 USD.
It is important to note that directly shorting at high levels may face the risk of false breakouts, so getting on board after confirming the breakout may be more prudent. At the same time, under this long positions trend, a trend-following pullback long order is usually a more robust strategy.
The market is constantly changing, and investors should closely monitor market trends and adjust their strategies flexibly based on actual conditions. This analysis is for reference only and does not constitute investment advice; traders should assume their own risks.