【May 10th ETH Desperate Stranglehold Battle】 Attached: Unwinding Solutions
Brothers, grab your keyboards and keep an eye on the market! The market makers are clearly out to play a reversal kill.
$ETH is currently being firmly pressed by the middle band of the Bollinger Bands at $2365, with an early fake breakout at $2379 being smashed back to $2344, and trading volume shrinking by 40%.
The three major death crosses on the chart: the Bollinger Bands are tighter than a belt, MACD has been lying dead underwater for 12 hours, and volume is plunging in a stair-step fashion — this is textbook-level reversal signals.
The news front is a tale of two extremes: BlackRock updated the Ethereum ETF physical redemption mechanism at 3 AM, resulting in a net outflow of $48 million for three consecutive days, as large institutions play the good news selling game. Pectra's upgrade reduced Layer 2 fees by 30%, and in turn, $1.23 billion TVL was siphoned away by SOL in just one week. On-chain data shows that ETH ecosystem funds are being crazily siphoned.
Seven Steps to Unwind:
① Cut losses over 10% and directly open a short position to fill the gap with short profits (refer to the hedging strategy after ETH broke the $2525 support on February 24).
② Pyramid down every 15% drop, only adding to ETH/BTC mainstream coins (the death rate for altcoin averaging down exceeds 90%).
③ Place grid orders between $2090 and $2310 to capture oscillation profits, combined with violent single orders to harvest market makers.
④ Stake in Lido for a 5.2% annual yield (70% higher than Aave), using compound interest to lower costs.
⑤ Hedge with spot + perpetual short positions, taking advantage of negative funding rates to reduce hedging costs.
⑥ Swap weak coins for SOL ecosystem leaders (referencing SOL's strong performance after breaking $3350 on April 17).
⑦ Lie flat and wait for the bull, invest 0.1 ETH monthly, and double down if it drops below $2000.
Market makers are currently targeting the reckless chase of highs and lows.
Remember the three no principles: no all-in, no holding on to losses, no fantasies.
On-chain data shows that whales are crazily accumulating in the $1600-1800 range, which may be the dawn of darkness before the final wave of selling.
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