ETH 🦈【ETH Shark Structure, don't get it wrong - this is just a rebound, not a reversal】
The current rally you are seeing, although it looks fierce, is actually just the last gasp in the shark's mouth.
With the structure complete and the rebound in place, next, it's time for it to continue diving.
Starting in June, the main theme of a full month of decline has already begun.
Every rebound is an opportunity for short sellers to add positions. You think it's saving you, but it's actually leading you to jump into the pit.
📉 From 2780 all the way down, ETH's "dog-like" behavior repeatedly hits stop losses, especially around the 2550 level, how many times has it shaken back and forth?
You think setting a stop loss at 2550 is safe? Sorry, you're just delivering food. If you really want to survive, you need to raise your stop loss, otherwise you'll be repeatedly ground to death by the dog dealer.
BTC🎯 Next, look at the 100600~101500 range, there is a high probability of a bottoming rebound, but that is the next story, not the current one.
Trading is no longer as simple as it used to be,
The dog dealer is smart, and retail investors also have to be ruthless.
Short when you should short, don't fantasize about "buying the bottom", that's just nonsense.
✅ Don't set a break-even stop loss, don't carry orders, set a good stop loss, adjust the position upwards, and stick to a short-selling mindset.
The market gives you a chance to eat meat, don't fail to lick even the bones because you are "afraid of a pullback."
#ETH #SharkStructure #CryptoAnalysis #TechnicalAnalysis #ShortingIsKing #DontBelieveTheRebound