Ergouzi tests the bottom for the second time, how to break the deadlock when long positions are trapped?

Ergouzi is currently at 2960. At 2:30 AM, the market once again staged a "trap for the bulls" play. After yesterday’s drop from 3100 and taking profits at 2900, the main force pushed the price up to 3050 to lure more longs, then quickly retreated, trapping many long positions. The bottom divergence in the market combined with extreme oversold conditions suggests a high probability of a second test of the 2850 level, consistent with the "second child" behavior.

On the daily chart, the EMA indicator is consolidating sideways, with the upper EMA30 and the 78.6% Fibonacci retracement forming a double resistance at 3120. Without breaking through, the decline may continue southward. The MACD is shrinking and forming a death cross, with DIF and DEA moving below the zero line. The lower Bollinger band at 2920 provides support but is likely to be broken. The 4-hour chart shows a failed attempt to reach 3070, with KDJ approaching a death cross. The middle Bollinger band at 3040 is a clear resistance. Major chips are concentrated around the 2920 level, indicating the bearish trend remains intact.

Breakthrough strategy: Do not blindly add to positions. For those holding longs, it is recommended to exit decisively on a rebound at 3000 or 3120 resistance levels, or even reverse to short. Bottom-fishing requires patience; only if a clear stabilization signal appears after breaking below 2850 (such as bullish divergence or long lower shadows) is it a good opportunity to "go north." The current main tone: high shorting and low buying, strictly disciplined.

The market is ruthless; those who follow the trend prosper. Instead of stubbornly holding on, it’s better to step back and wait for the trend to clarify before re-entering, which is the wise move. #ETH $ETH