Hello everyone, I made such a title to get your attention. Not to help you make money but to make you follow me more so I can remind you to avoid losing money. I see those other guys writing titles like this and you all jump in excitedly 😄.
ETH JUST RAN FOR ABOUT 18 HOURS when I wrote this post to notify you. Honestly, I couldn’t enter the order yesterday because of the storm in my area - Anyone in Vinh area knows how power outages and network issues are, and when the situation is unstable, I’m also lazy to enter orders, because I trade with high leverage, so a pip deviation is quite uncomfortable. If there isn’t this order, there will be another one 😅.
Today I write a summary of my perspective until 19:30 last night. Just short, you guys keep watching, you might understand something.
First, around 14:00.
The analysis of this chart I have reposted the image above. Here I will only talk about the scenarios. First, I have 2 scenarios:
1. With the orange line, the price will check the ML again and then break through the support area - after that, it will check support + ML one more time before going down.
2. With the orange line, the price will break through the ML, check again, and then go up.
At 15:30, the price followed the scenario of the orange line and there was no test of the ML, I assess that this is a good break for a deeper decline.
At 17:30, I saw that the price had reached a significant support area of 4k5, skipping the technical analysis because it’s lengthy. I assess that the price will bounce back to the ML, so I advise you guys not to enter a short position here as it might get swept out. And the price has bounced back to nearly 4700 (around 4691-92).
19:30: I update once again to warn you, you can see that the price is bouncing back to the ML area, most of you shorting at the 4500 area, the price bouncing back to 4700 will almost certainly get burned. At this point, the network is unstable, compounded by the storm and power outage, so I went to sleep :)). I’m not entering orders and not checking further.
At 9:00 on 26/8/2025, the price dropped very quickly, breaking through the support below. Those of you shorting in the 4k7 area, even taking the risk when the price broke or when the price bounced back to enter the order, have gained 400 points. According to my calculations, if the stop-loss is optimal, it is r:r / 1:5 (R:R for those who do not know is the ratio of profit to risk, for example, 1:5.5 means stop-loss of 100 dollars while take-profit will be 500 dollars, losing 1 gets 5 - that is why there should be a stop-loss :)) there is nothing to protect capital and calculate profits. That’s it for today; the opportunity to enter the order has already passed, and there is nothing else to analyze. I’m going to continue against the storm - remember to like and follow. You guys are too lazy 😂 I have no motivation to write anything.