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$ETH 📊 March 12th, Double Coin Market Analysis & Strategy
ETH 🦄:
The short-term price is tightly hugging the lower Bollinger Band at 2021.36, currently trading at 2027.34. The support zone at the lower band is heating up market sentiment, and after a sharp short-term decline, there is a technical rebound demand.
Referencing the previous low point at 2005.90 as a strong support line, the correction has nearly run its course. The first resistance for the rebound is at the 2040 round number, making it suitable for buying the dip and going long.
🎯 Double Coin Strategy (Go Long)
• Entry Range: 2020-2030
• First Target: 2042
• Second Target: 2058
• Stop Loss: 2008