ETH violently broke 2800: Is this the last carnival before death from extreme overbuying?
Friends, ETH looking magnificent breaking 2800 USD, but take a look at that RSI 91.23 grotesque value! In the 15 years since Ethereum's birth, the number of times the 4-hour chart RSI has broken 90 can be counted on one hand—doesn't this feel like a death knell hanging over your head?
MACD red bar hit 43.10, the 7-day line at 2687 is propping up the price like a circus act, and the upper Bollinger Band at 2759 has been kicked aside... On the surface, everything seems perfect! But hidden are three guillotines:
RSI three lines collectively going wild, crazier than the big top in 2021!
Trading volume shrunk by 30% compared to previous highs, doesn't this typical “short squeeze” maneuver look familiar?
KDJ's J value at 98.55! Has gravity failed?!
This market resembles the last hand at a casino—the dealer shows off their muscles shouting 'buy and hold', but if you take a close look at the chip area, there are tons of sell orders stacked at 2780-2800! Those rushing in now, are they not just giving the main players a great deal?
Don't chase the current price! If you really want to play, set a breakout order at 2805.
If it drops below 2750, immediately open a short position.
The bold can wait for a pullback to 2630 to buy the dip.
Finally, a heart-wrenching statement: better to earn less than to risk your life! The main players are pushing up the price to squeeze shorts, not to give away money! If it can't hold above the 2800 mark, guess how many leveraged corpses are buried at the bottom of this abyss? Only those brave enough to share their positions in the comments are real men!
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