The fisherman continues to win consecutively and is laying out the next strategy. How much meat can you be late for? 2950 is a long and short meat grinder, break or hold? The one-hour line decides.
Brothers, this ETH trend is too exciting! Just looked at the one-hour line, there are several key signals I must remind you of:
Current battle situation (interpretation of the one-hour line)
Price is stuck at 2950, which is the key point of previous support turning into resistance
Above 3040 forms a double top, both attempts to push higher were smashed back
Below 2926 is a short-term lifeline, breaking it may accelerate the decline
Moving averages begin to converge (yellow, white, and gray lines entangled), a sign of a trend change!
This trend is like a tightly compressed spring, ready to explode at any time!
If it breaks below 2926
Short selling effort: may quickly test strong support at 2850
Strategy: Don't rush to bottom fish in spot, wait for orders at 2850
Contract alert: prone to flash crash after breaking levels, leverage should not exceed 3x
If it holds above 2950...
Bullish counterattack: may push towards the psychological barrier of 3000
Key signal: breakout above 3040 forms a double top, trend reversal!
Right-side opportunity: after breaking 3000, if it pulls back without breaking, can lightly chase long
Fisherman’s operational advice
Spot traders: gradually buy in the 2926-2950 range, add positions if it breaks below 2850
Contract traders: observe near 2950, if it breaks 2926, short; if it holds 3000, go long
Everyone please note: this week the Federal Reserve's situation is tense, volatility may surge!
Remember this sentence:
The longer it consolidates, the stronger the breakout. ETH is building up for a big show!
Follow the fisherman, learn K-line technical indicators from scratch, and let you pick up chips.
