Brothers, the news early in the morning about Trump imposing a simple tariff of 15% to 50% on most countries made ETH surge to the key price of 3650 USD, but then it suddenly stopped! Is it going to crash? Don't worry, the real opportunity is just beginning!
Recently, ETH's performance is a classic psychological warfare by the big players—first pump it high to excite you, then suddenly crash it to make you doubt life! It just can’t break through 3650 USD, this morning it looked like it would correct by 120 USD, then it crashed to 3510, are you starting to get nervous? Don't be afraid! If you have been following me, you’ll know this is the big player's tactic! Just look at the technicals I drew this morning to understand why 3650 is a key point.
What tricks is the big player playing? You will see from the above chart that support is around 3510.
"Fake Fall, Real Accumulation": Large funds want to pump the market, they must first create a pit to scare off retail investors, and then crazily buy at low prices! There are buy orders lurking around 3510, just waiting for you to cut losses! This is also the 12-hour Bollinger middle band (the strongest support in this bull market).
"The Technical Picture Has Already Exposed Itself": The 4-hour RSI is overbought, MACD shows a death cross, a pullback is inevitable, but the harder it falls, the stronger the rebound will be!
"Market Sentiment is Deceiving You": When retail investors are all shouting 'It's over, it's over', it often is the best time to buy the dip!
My Opinion:
The current market has not changed direction, there is no need to follow the crowd, and definitely do not be swayed by others saying that the trend has changed and it will drop to a certain level. Right now, it is just a wide fluctuation; when it is time to buy, you should build your position without hesitation, just like in the above chart where there have already been four opportunities to profit from long positions.
"Wave Trading Method":
In wave theory trading, the above chart has already given three wave opportunities; the support of each previous wave is the key point of the next wave. The support of the previous wave is the key point of the next wave, and after a normal five waves, the market will form a new technical pattern.
If you are unclear about the specific timing, you can follow me, and I will provide real-time reminders in the village 24 hours a day for friends who have followed me, pay attention to my homepage.
"Keep an eye on this signal in my chart, the rebound is coming soon!"
ETH suddenly increased in volume near 3510, indicating that the big players are starting to pump the market, follow their lead immediately!
Breaking above 3700 USD is the beginning of a new surge!
The next wave of a big market movement is about to start!
"This pullback is just an appetizer, the real main uptrend is still ahead! The big players have quietly laid out their strategies, but 90% of retail investors are still hesitating whether a trend change has occurred."
If you are unclear about the specific timing, you can follow me, and I will provide real-time reminders in the village 24 hours a day for friends who have followed me, pay attention to my homepage.