Listen to me! Right now, this ETH 1-hour chart, don't make any rash moves, just observe!
Looking at this trend, the bearish trend is clear, the moving averages are dropping, MACD has crossed and is plunging. Although it might be oversold and due for a rebound after dropping too much, there are no signals right now! If you can't resist jumping in, going long? What if the bears continue to hammer it down, and you get trapped; going short? The oversold rebound will teach you a lesson in no time!
Listen to me, wait! Wait for the price to rebound and touch 2450 - 2500, or for a pullback to 2367 to hold, then act when the signals are clear! Entering now is just pure gambling; conservative players, don’t be foolish, observing is the most stable 'operation'! If it breaks 2500 later, we can chase long; if it faces pressure and falls back, short it directly! Don’t be stubborn, listen!
Follow me and leave a message, we’re planning strategies for the bull market, not just being a bystander in a bull market, but being a victor in the bull market!
$ETH
