Final warning before the Federal Reserve's decision! Are leveraged bulls collectively heading to their demise at $ETH ?
The risk of a crash has surged! ETH is currently struggling against the 2500 resistance level, and there are three critical injuries on the chart that must be heeded:
First, the MACD red bars have peaked at 26.08, but the DIF and DEA have shown a clear top divergence; the last time such a signal appeared was on the eve of the plummet on June 19;
Second, the KDJ three lines are stuck around 61, neither alive nor dead, and the J value has failed to break past 65 for three consecutive bars, indicating that the main force is not interested in pushing the price up;
Third, the most sinister is that at the 2500 level, four long upper shadow candles exploded in half an hour, with each spike resulting in the liquidation of 8 million dollars in leveraged long positions.
Today's strategy can be summed up in three points: If 2450 strong support is broken with volume, immediately chase the short; in the 2470-2485 range, the spot position must be halved, do not trust the bullish candlesticks baiting for longs from the market makers. Keep a close watch on the Federal Reserve's interest rate decision at night, with Bitcoin hovering precariously at the 107900 position; if ETH collapses, it will be even more brutal!
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