In the evening, Ethereum surged, is there really someone trading against the trend? Yes, it’s me.
Yesterday at noon, I placed a high short order for Ethereum, betting on a false breakout and using Fibonacci to make a pullback. The thinking was obviously correct, but unfortunately, it scared my friends away. The highest point was 2879, just a knife's edge away from the stop-loss, pretty thrilling, isn’t it, my friends? Coming down around the average price of 55, we could have made nearly a hundred bucks.
The movements of Bitcoin and Solana are quite standard. Bitcoin failed to break through around 110250 three times and fell back. Today, it’s testing the small expansion upper resistance at 108200. If it holds, we can go long in this range; otherwise, if it breaks down, we look at 106300.
For Ethereum, pay attention to around 2733, which is the previous breakout resistance turning into a support area. You can enter near this level with a stop-loss of 15-20 points.
Solana is expected to drop near 168.7. If it falls to 168.3, it indicates weakness, and we look down to around 157-156.3.
So today, let's form a pattern, looking for a low long or high short strategy before entering the market. Interested friends can follow me for daily shares of valuable insights.