It's the weekend, and the 15-minute ETH K-line is currently very tangled, oscillating sideways with a hint of a downward trend. The price is currently stuck in the middle, neither going up nor down, and it may have to grind down a bit more in the short term. It's crucial to keep an eye on the lower Bollinger Band support level at 2529; if it holds, there might be a rebound, but if it breaks below the previous low of 2502, it could accelerate the decline.
Given the current trend, it's safer to wait and watch until the direction becomes clear before taking action.
If you're feeling the itch to trade, you can take a small position near 2529 to bet on a rebound, but remember to get in and out quickly—don’t linger; take your profits and run.
If it drops below 2500, don’t resist; quickly cut losses and exit. The upper pressure is seen around 2563, where you might consider taking profits or going short, but if the price surges past 2592, be careful—it could indicate a trend reversal.
The MACD is also in a state of limbo right now, with the fast and slow lines stuck together showing no major movements. The bars are below the zero line indicating a slight advantage for bears.
The Bollinger Bands are particularly narrow, indicating low market volatility and that everyone is waiting to see what happens. In summary, don’t expect huge gains in this market; small trades to capture some price differences are fine, but the key is to maintain good stop-losses and not get buried by sudden fluctuations.
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