【$ETHUSDT】Don't rush to buy the dip/chase highs, check this first
$ETH Funds are fleeing frantically, this kind of selling pressure during regular intraday fluctuations is no accident. After the MACD death cross on the 4-hour level, the histogram is still expanding, price is firmly suppressed below the middle band of Bollinger Bands, bears completely control the rhythm. RSI dropped to 30.78, seemingly oversold, but buyers are disconnected, rebounds lack strength. Although there's a hint of MACD golden cross forming on the 1-hour level, trading volume has shrunk, looking more like a pause in the downtrend continuation.
Direction: Short Entry/Pending orders: Short directly around current price 2043, or add positions at 2058-2062 zone on rebounds Stop Loss: Above 2072 Target 1: 1988 Target 2: 1936 Trade Management: After reaching the first target, move stop to breakeven, use remaining position to chase deeper pullbacks. In this structure, any rebound is an opportunity to add positions, risk/reward ratio exceeds 4:1, worth taking the trade. View real-time chart 👇 $ETH --- Follow me: Get more real-time analysis and insights for crypto markets! $BTC $ETH $SOL #Gate13周年全球庆典 #Gate储备金报告 #加密行情震荡
【$ETHUSDT】Don't rush to buy the dip/chase highs, check this first
$ETH Funds are fleeing frantically, this kind of selling pressure during regular intraday fluctuations is no accident. After the MACD death cross on the 4-hour level, the histogram is still expanding, price is firmly suppressed below the middle band of Bollinger Bands, bears completely control the rhythm. RSI dropped to 30.78, seemingly oversold, but buyers are disconnected, rebounds lack strength. Although there's a hint of MACD golden cross forming on the 1-hour level, trading volume has shrunk, looking more like a pause in the downtrend continuation.
Direction: Short
Entry/Pending orders: Short directly around current price 2043, or add positions at 2058-2062 zone on rebounds
Stop Loss: Above 2072
Target 1: 1988
Target 2: 1936
Trade Management: After reaching the first target, move stop to breakeven, use remaining position to chase deeper pullbacks. In this structure, any rebound is an opportunity to add positions, risk/reward ratio exceeds 4:1, worth taking the trade.
View real-time chart 👇 $ETH
---
Follow me: Get more real-time analysis and insights for crypto markets! $BTC $ETH $SOL
#Gate13周年全球庆典 #Gate储备金报告 #加密行情震荡