Liquidation or Doubling? The Ultimate Bet on ETH Tonight: $1650 Determines Life and Death!
Currently stuck at $1638 between the lower and middle bands of the Bollinger Bands, with the middle band at $1657 and the BBI indicator at $1645 forming a double pressure. Any rebound at this position is an excellent target for the bears to fire at!
Looking at this spike, the lowest hit was $1628, clearly indicating that the market makers are testing the support level. Although the commission ratio shows a false strength of +0.57%, a net outflow of $2.63 million exposes the traces of the main forces retreating, this is a classic trap to lure in buyers!
Here are two iron rules for my brothers:
If it rebounds to the $1650-$1657 pressure zone, short it directly, targeting the previous low of $1628. If it dares to break the support level of $1628, increase your position and continue shorting! The market makers will definitely show you the hellish market below $1600!
Remember, all current rebounds are just a fleeting glimpse of light. Follow for real-time sniper points; tonight it's either liquidation or doubling!
The market keeps changing, and our mindset must also change. Recently, I will also be laying low with a weak currency, expecting a drop of 500% is not a problem!!
