Listen up! Right now, with ETH's price movement, I'm firmly bearish!
Previously, it dropped from 2680 all the way to 2451, and the bearish momentum hasn't fully dissipated! Now, when it rebounds, it gets stuck at the moving averages, with EMA and MA acting like an impenetrable wall, and the trading volume is pitifully weak, leaving the bulls with no strength to break through!
What are you waiting for if you're not shorting now? Just go ahead and short! Enter a light short position in the 2530 - 2540 range, and set your stop loss at 2560; if it breaks through effectively, we'll admit defeat and exit! Initially, aim for 2500, and if it breaks that, we'll chase it down to 2451, squeezing the bearish trend for all it’s worth!
But let's be clear, the crypto market is highly unpredictable, so be strict with your stop losses! If it suddenly breaks through resistance with increased volume, we'll quickly cut our losses; don't hold on stubbornly! Follow the trend; I'm betting this bearish wave will continue to drop, so let's go for it! If you want to jump on board, leave a message!
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