🧠 1. What is the price doing right now?
🔻 Clear downtrend:
The price has been falling from $1.25 to $1.01.
The moving averages (MA 7, 25, 99) are aligned in a descending order → this confirms strong bearish momentum.
The RSI at 25 indicates the price is in oversold territory, which could trigger a small bounce, but does not indicate a trend reversal yet.
The MACD is negative with a red histogram → bearish pressure is still active.
---
🟣 2. When to enter a SHORT position?
✅ Good moment to open a short:
Wait for a weak bounce toward a resistance zone (e.g., between $1.05 and $1.07).
If the price fails to break above that zone and forms rejection candles (like long wicks or bearish dojis), that’s a confirmation to go short.
🔽 Ideal short entry:
Price bounces slightly (technical rebound), and:
RSI remains below 50.
MA(7) does not cross above MA(25).
MACD remains negative.
You enter short around $1.05–$1.07, with a stop loss just above the last resistance (e.g., $1.08).
---
🟢 3. When to enter a LONG position?
🚫 Not yet a good moment to go long because:
The price is in free fall.
There’s no structural change (lower lows and lower highs continue).
MA(7) is still far below MA(25).
✅ Wait for confirmation to go long:
Price breaks upward with strong volume and surpasses key zones like $1.07 or $1.10.
MA(7) crosses above MA(25).
RSI rises above 50.
MACD gives a bullish crossover (blue line crosses above yellow line).
🔼 Ideal long entry:
After seeing a double bottom, bullish engulfing candle, or moving average crossover.
Ideal entry would be above $1.07 or $1.10 with strong volume confirmation.
---
✅ Strategy Summary:
Strategy Wait for Approx. Entry Confirmation
SHORT Weak bounce $1.05–$1.07 Rejection + bearish candles + MACD negative
LONG Trend reversal $1.07–$1.10 MA(7)/MA(25) crossover + RSI > 50 + MACD bullish crossover
$$ETH
