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This move from Erbing is a textbook “copycat” trend that simply follows Big Bing—no independent temperament at all.
Earlier, when Big Bing stabilized and rebounded, Erbing rushed up with it to around 2320, only to be pushed back down. Now it’s stuck around the moving averages, grinding back and forth, unable to produce even a decent standalone rebound.
Looking at the order book, there are quite a few sell orders placed around 2313. Even though the order book imbalance is positive, the bulls still haven’t dared to push—clearly waiting for Big Bing to give direction.
Now Big Bing is consolidating in a high-range chop, and Erbing is following suit with shrinking volume while moving sideways. The pressure from 2320 above is holding firmly, and the support below hasn’t broken either—so it just keeps grinding back and forth like this.
In this kind of coordinated market, there isn’t much in the way of independent opportunities. If Big Bing doesn’t move, Erbing can only sway around within the range. If you want to trade, you can only follow Big Bing’s pace: either wait for a breakout signal to act, or just stay on the sidelines.
The old-timers’ experience is: at times like this, don’t randomly guess the direction. Follow the main line—being steady is better than anything. Charging in too urgently can easily end with getting slapped back and forth. #Gate广场五月交易分享 $ETH