Unprecedented!! ETH Short-term Breakdown Today
The big players are throwing a curveball, retail investors should not act as bag holders!
1. Bollinger Bands Locked + MACD High-Level Death Cross
ETH is currently stuck at the upper Bollinger Band at 2542 for 30 minutes. In the past 24 hours, it has attempted to break 2540 three times but was pushed back each time. This morning at 8 am, it had a long upper shadow piercing down to 2523, with 25 million dollars in long positions exploding in 15 minutes. The MACD high-level death cross has been confirmed, with DIF crossing below DEA, similar to the warning sign before the pullback on May 6th.
2. Long Positions Escape, Short Positions Wait for Meat
Handling Long Positions:
Reduce positions in the 2540-2545 area!! The order volume at this position has increased to 41,000 ETH, with a breakthrough probability of less than 25%.Set a stop-loss below the middle track at 2512, with the next defensive level at 2475, referring to the EMA30 support on May 9th.Bottom-fishing Strategy:
Set orders at 2468-2485!! The lower Bollinger Band and the low point on May 10th form a double support, combined with the MACD green bars shortening, increasing the win rate to 75%.Do not chase if it rapidly breaks 2560!! Recently, ETH has shown “high break must pierce,” referencing the case of dropping from 2580 to 2468 after a surge on May 8th.
3. False Breakthrough Double Kill on Chain
Left Hand to Right Hand: On May 10th at 12:00, the bullish line shrank by 43%, creating a false breakthrough.On-chain Coordination: At 3:30 am, there was a surge in selling, with 35,000 ETH transferred to exchanges on-chain, accurately triggering long positions.
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Intraday Focus: PNUT ETH INIT ETHFI
