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#ETH突破3000# 7.12 Weekend Market Overview: WCT false breakouts?
WCT oscillates around the descending trend line, with upper resistance at 0.3395, horizontal support at 0.3322, and lower support at 0.3251; if there is a true breakout, one can go long in the direction of the trend, but if it breaks down and then retests as a false breakouts, then one should go short in the direction of the trend.
Wait for WCT to retrace to 0.3322 and resonate with the trend line without breaking to go long, with a stop loss at 0.3281 and targets at 0.3395 and 0.3483.
Conversely, a large downward candlestick breaking the trend line resonance point 0.3322 indicates entering a short position in line with the trend, with a stop loss at 0.336 and a target at 0.3253.
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