Ethereum’s market—once it goes like this, then the bears get good news…


Ethereum’s recent movement has looked a bit lackluster, mainly because DeFi was hacked, and the squeeze has not been fully digested yet. Another part of the reason is that the market lacks liquidity for a broad-based pull-up.
Yesterday, Ethereum dropped to a low of 2250 and found strong support, then started to rebound following big pie. It reached a peak at 2346. It has returned back within the consolidation range box from April 15 to April 17. Next, we mainly need to look at big pie’s momentum, because on Ethereum’s side there have been many negative headlines, and when market sentiment isn’t strong enough, it’s hard to achieve a meaningful breakthrough on its own. This is also one of the reasons I’ve been bearish recently.
Now let’s talk about my choice. Yesterday, I originally planned to open a short at 2345, but the market was too weak last night, so I opened a short position first at 2313. After that, when the price fell to 2277, I didn’t choose to reduce my position and I didn’t choose to exit. Because once the 4-hour trend is formed, then I can take a big bite. Of course, liquidation begins with greed, so everyone don’t learn from me. Now my average price is 2329。#GatePreIPOs首发SpaceX $ETH
ETH0.77%
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