Is ETH stuck at $4200? These three signals will determine whether you earn or lose!
ETH is currently hovering around $4200, with three key signals in the 1-hour candlestick chart. After reading this, you can avoid at least 90% of the pitfalls!
1. $4200 is the key level, $4060 is the lifesaver line!
$4060 (support level): This is the bulls' "last defense line"; if it falls below this, it may trigger a chain of stop-losses, directly crashing to $3800! $4386 (resistance level): This is the bears' "high-pressure line"; if it breaks through this, ETH could directly surge to $4500!
My strategy: Don't rush to go all-in! Buy 10% near $4060, then add 20% if it rises above $4250, and sell immediately if it falls below $4040!
2. Shrinking trading volume, beware of the main force "painting the door"!
Recently, the trading volume has decreased, which means:
Rising but lack of volume = the main force is deceiving you into taking over: they might pretend to rise, and when you chase the high, they will crash it! Suddenly, if there is a large volume and it falls below $4060 = genuine crash: hurry and run!
3. RSI indicator: Bulls are weak, beware of a pullback!
RSI is now around 56, seeming like the bulls are dominant, but actually:
RSI1 > RSI2 > RSI3: a typical "bulls are weak" signal, may drop in the short term! Yesterday it formed a "bottom signal" (hammer line) around $4079, but it must rise above $4200 with sufficient volume to count!
My advice: When RSI drops below 50, sell 30% first!
Tonight is a critical moment!
ETH may change the trend! Remember:
$4060 is the lifesaver line; run if it falls below; add positions if it breaks above $4250; reduce positions if RSI drops below 50!
10x opportunity has already appeared, I have bottomed out! While you are still doubting the authenticity, I have already gone all in. Although the villa is not yet by the sea, I hope this time I can achieve my wish.
