Is ETH about to face a big drop?
Friday's options expiration, Mr. Chen believes that Ethereum is facing the strongest resistance of the quarter around 2740
Thus, Mr. Chen has been focusing on short positions near the upper resistance around 2700, continuously shorting during pullbacks
Everyone should remember the 2690 position from a couple of days ago, where a 10,000 USDT, 100x short position was opened, and the drop that day was nearly 200 points
Moreover, 2690 was the highest point of the day when the position was opened, and although that short position has been accelerating in profit
However, in the past two days, Mr. Chen's analysis of the market indicates a slight sideways retracement
Since the options expiration day the day before yesterday, the market has indeed been moving smoothly as predicted by Mr. Chen!
How many people are following Mr. Chen's lead on this short position? Let me see you!
