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Did Sister Meng give a real-time short call on ETH for this trending move yesterday—did any of the family members catch it?
Yesterday, ETH kept falling steadily from around 2340. Sister Meng also said yesterday that if ETH breaks below 2300, it could dip down to around 2290–2250. The low was 2263. With Sister Meng guiding fans to place shorts around 2300 and taking profit at 2278, nearly 1,100u in gains was secured—nicely locked in.
The 4-hour ETH trend has already clearly weakened. In recent rebounds, none have broken through the previous highs; instead, the swing highs have been getting lower. Now the price is around 2280, and the short-term moving averages have started to form a death cross, indicating that bearish pressure is strengthening.
Plus, with the new Federal Reserve Chair taking office on the 15th, the financial markets will likely see a certain pullback impact. If the 2280 level can’t hold, there’s a high probability that it will continue to probe lower to 2250, or even 2200. The biggest issue in the market right now is that rebounds lack strength and buying pressure has weakened. In the short term, it looks more like a downtrend continuation—so it’s not recommended to blindly bottom-fish.
We will again lie in wait and set up for entry with our fans. The specific position sizing and take-profit targets will be notified internally! $MDB $ZKJ $ETH #Gate广场五月交易分享