🔴｜Where is the distribution range for ETH?
There is no doubt that whether from a long-term or a medium-short term perspective, the trend is an upward trend. If you short against the upward trend, it will be even harder to withstand the position; once you hit your stop-loss, you must exit. So when can you short?
At the very least, you need to see the signals given by the market, combined with other indicators such as shrinking trading volume, false breakdowns, MACD bearish divergence, KDJ dead cross, etc.
Currently, the mainstream strategy for ETH is to go long on dips in line with the overall trend. If you don't want to chase the long, you can continue to wait for a pullback to go long, paying attention to the distribution range between 3510 and 3650. 3750 is a key support-resistance exchange level, where multiple false breakdowns and breakthroughs have occurred; keep an eye here if you have long positions.
📍 However, it is important to note that the current ETH 4-hour MACD has also shown a clear bearish divergence, and a potential reversal zone may appear in the head region.
Trade what you see in the candlesticks, not what you speculate.
